A jumbo loan is a mortgage that exceeds current conforming mortgage limits. Learn how jumbo loans work, where you’ll likely need one and how to apply for one.

Aug 26, 2024 · What is a jumbo loan? A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan in 2025 is...

Jan 22, 2025 · The amount that makes a mortgage “jumbo” varies by location, but in most parts of the U.S., it’s a loan of more than $806,500 as of 2025. Jumbo loans generally have stricter borrowing criteria,...

If you’re looking to buy a high-priced home, you may need a jumbo loan – a mortgage that exceeds the borrowing limits set for conventional loans and allows you to borrow more than what’s allowed with standard conforming mortgages. But how much can you borrow before you need a jumbo loan?

Oct 31, 2024 · You'd use a jumbo mortgage when you're seeking a loan amount that's greater than the conforming loan limit in your area. In most of the country, that means you'll use a jumbo mortgage if your loan amount is greater than $806,500.

A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $806,500 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is …

Jumbo mortgage rates are different from conforming mortgage rates. Learn how to compare jumbo mortgage rates and loan offers from lenders in your area.

5 days ago · Many lenders offer competitive rates for jumbo mortgages, so it pays to compare all your options. What Is a Jumbo Mortgage? A jumbo mortgage is a home loan that exceeds the conforming loan limits...

Jan 3, 2025 · In 2025, single-family mortgages with balances higher than $806,500 in most U.S. counties (and $1,209,750 in certain high-cost areas) are considered jumbo loans. Since some real estate markets are more expensive than others, conforming loan limits vary by county.

Compare current Jumbo mortgage rates and get a customized quote for a Jumbo loan today.