Jumbo Mortgages

A  Jumbo home loan, also known as a Jumbo Mortgage, is a type of home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits are the maximum amount that a mortgage can be for it to be eligible for purchase by Fannie Mae or Freddie Mac, which are government-sponsored entities that purchase and securitize mortgages.  

For 2025, the conforming loan limits are $806,500 for a single-family unit in most parts of the country but can go as high as  $1,209,750 depending on the county.  

Jumbo home loans are designed for borrowers who need to borrow more money than the conforming loan limits allow. Because these loans are considered riskier to lenders, each individual lender has their own specific underwriting guidelines. Most Jumbo loans will have higher interest rates, stricter underwriting requirements, and larger down payment requirements than conforming loans. They may also have different requirements for credit scores and debt-to-income ratios than conforming loans.

Jumbo loans can be used to finance various types of properties, including primary residences, second homes, and investment properties. They can be fixed-rate or adjustable-rate mortgages and may have terms of up to 30 years.