Purchase Loans

Jumbo Loans

Jumbo loans are mortgages for higher-priced homes where the loan amount exceeds the standard conforming limits set each year by the government. If you're buying a higher-value home, a jumbo loan is likely the path you'll take.

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Primarysecond home and investment options

Strong creditprofile typically expected

Reservesplay a larger role in qualifying

Jumbo Loans Options

Jumbo Purchase

Finance a higher-value home that exceeds conforming loan limits
Available for primary residences, second homes, and investment properties
Qualification looks closely at your full financial picture

Great for

Buyers purchasing high-value homes
Borrowers with strong assets and credit who need a larger loan

Jumbo Fixed Refinance

Refinance a high-balance mortgage to a new rate or term
Lock in a stable payment on a larger loan
Primary residence and second home options available

Great for

Homeowners looking to improve their rate on a large loan
Borrowers seeking long-term payment certainty

Jumbo Cash-Out Refinance

Access equity from a high-value property
Can fund major purchases, investments, or debt payoff
Terms vary based on property type and equity level

Great for

High-equity homeowners with significant cash needs
Borrowers consolidating large debt balances

Jumbo ARM

A lower initial rate that adjusts after a set period
Can result in meaningful payment savings early on
Works well if you plan to sell or refinance before the adjustment kicks in

Great for

Buyers who plan to move or refinance within several years
Borrowers optimizing for a lower starting payment

How Jumbo Loans Work

Jumbo loans are for loan amounts that exceed the conforming limits set annually by the FHFA — limits vary by county.

Because these loans are larger and not backed by Fannie Mae or Freddie Mac, lenders typically require stronger financial profiles.

Rates, leverage limits, and terms can vary more than with conventional loans, depending on the lender.

Jumbo Loans FAQ

What makes a loan 'jumbo'?

When the amount you need to borrow is more than the conforming loan limit for your county, the loan is considered jumbo. These limits change annually and vary by location.

Are jumbo loans harder to qualify for?

They can be. Because these loans are larger and not backed by government programs, lenders typically look for stronger credit, more reserves, and a solid overall financial profile.

Can I use a jumbo loan for an investment property?

Yes, investment property options are available — though the qualifying standards and down payment requirements are typically higher than for a primary home.