Jumbo Mortgage Loans
A jumbo loan is any mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. In 2026, the standard conforming limit is $806,500 in most U.S. counties. Any loan above that threshold requires jumbo financing — which means private underwriting, stricter qualifications, and typically a slightly higher rate.
If you’re buying a high-value home, refinancing a large mortgage, or purchasing in a market where median home prices push past conforming limits, a jumbo loan is the path forward.
Get a Jumbo Rate Quote Talk to a Loan Specialist — (833) 350-9185
Jumbo vs. Conforming — What’s the Difference?
| Feature | Conforming Loan | Jumbo Loan |
|---|---|---|
| 2026 loan limit | Up to $806,500 (most areas) | Above $806,500 |
| High-cost area limit | Up to $1,209,750 | Above $1,209,750 |
| Backed by | Fannie Mae / Freddie Mac | Private lender |
| Minimum credit score | 620 | 680–700+ |
| Down payment | 3–5% possible | Typically 10–20% |
| Reserves required | 2 months typical | 6–12 months |
| Rate vs. conforming | — | 0.25–0.75% higher |
| Income documentation | Full doc | Full doc |
High-cost area note: In high-cost counties (parts of CA, NY, HI, DC metro, and others), conforming limits can reach up to $1,209,750 in 2026 under Fannie/Freddie guidelines. Anything above your county’s specific limit requires jumbo financing.
Jumbo Loan Requirements
To qualify for a jumbo mortgage, you’ll generally need:
- Credit score: 680 minimum; 720+ for best pricing
- Down payment: 10–20% depending on loan size and lender
- Debt-to-income ratio: 43–45% or lower
- Cash reserves: 6–12 months of mortgage payments in liquid assets at closing
- Income documentation: Full doc — W-2s, tax returns, pay stubs, bank statements
- Appraisal: One or two independent appraisals depending on loan amount
Jumbo loans are fully underwritten against your income, assets, and credit profile — the same documentation as a conventional loan, but with tighter benchmarks because the loan isn’t government-backed.
Jumbo Loan Programs We Offer
Fixed-Rate Jumbo
30-year and 15-year fixed terms. Rate locked for the life of the loan — predictable payment, no adjustment risk. Best for borrowers planning to hold long-term.
Adjustable-Rate Jumbo (ARM)
5/6, 7/6, and 10/6 ARM options. Lower initial rate that adjusts after the fixed period. Best for buyers who expect to sell or refinance within the fixed window.
Jumbo Cash-Out Refinance
Access equity on high-value properties. Standard LTV caps apply (typically 75–80%). Full income and asset verification required.
Jumbo for Self-Employed Borrowers
If you’re self-employed with strong assets but tax returns that don’t reflect your true income, ask about our Bank Statement Loan as an alternative — it qualifies on 12–24 months of deposits rather than tax returns, and goes up to $3M.
Jumbo Loan Scenarios
Scenario 1 — High-Value Purchase in a Licensed State
A couple in Colorado is purchasing a $1,400,000 primary residence. They’re putting 20% down ($280,000), both W-2 earners, 760 credit, strong reserves. Loan amount: $1,120,000.
- Standard conforming limit in their county: $806,500
- Loan exceeds conforming — requires jumbo underwriting
- 30-year fixed at market jumbo rate
- Closes in 30–35 days
Scenario 2 — Jumbo Refinance / Rate-and-Term
A homeowner in California has a $1,050,000 mortgage at 7.625%. Wants to refinance into a better rate. Strong credit, long employment history, 35% equity.
- Current balance qualifies for jumbo refinance
- Likely saves $400–600/month depending on rate environment
- No cash out — rate-and-term refi, faster process
Who Needs a Jumbo Loan?
- Buyers purchasing in high-cost markets: coastal California, Pacific Northwest, Colorado Front Range, Mid-Atlantic metro areas
- Executives and professionals buying primary or second homes above $800K
- Move-up buyers with existing equity and strong income
- High earners with complex income structures (bonus, RSU, commission) — ask about our bank statement alternative
Frequently Asked Questions
Get a Jumbo Rate Quote
We work with multiple jumbo investors — competitive pricing, full documentation, and loan officers who have closed thousands of high-value transactions.
Get a Jumbo Rate Quote Call (833) 350-9185
Related Programs
- Bank Statement Loans — Jumbo-size loans for self-employed borrowers, qualifies on deposits not tax returns, up to $3M
- DSCR Investor Loans — Investment property financing up to $3.5M, no income docs required
- VA Jumbo Loans — Above-limit VA financing for veterans and active duty
- Conventional Loans — Standard conforming financing below the jumbo threshold
1st Nationwide Mortgage, NMLS 1281. Jumbo loans subject to credit approval, income verification, appraisal, and reserve requirements. Not all applicants will qualify. Loan limits, rates, and terms vary by program and lender. Licensed in 18 states.
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Talk to a licensed loan officer about your options — no obligation.