Jumbo Loans
What Is a Jumbo Loan?
When a home’s price goes beyond standard lending limits, a jumbo loan provides the financing flexibility needed to move forward with confidence. Jumbo mortgages are designed for higher-priced properties and offer tailored terms for buyers seeking premium homes, custom builds, or upscale real estate.
A jumbo loan is a mortgage used to finance properties that exceed conforming loan limits set by the Federal Housing Finance Agency (FHFA). For 2026, that limit is $832,750 in most areas, though it can vary by county. If you’re purchasing a higher-value home or need a larger loan amount, a jumbo mortgage may be the right solution
Key Jumbo Loan Features
- Loan amounts above conforming limits
- Fixed-rate and adjustable-rate (ARM) options available
- More flexible credit guidelines than conventional loan
- No private mortgage insurance (PMI) on most jumbo programs
- Suitable for luxury homes, custom builds, and high-value primary or second homes
Who Is a Jumbo Loan Best For?
- Jumbo loans are ideal for borrowers who:
- Are purchasing or refinancing homes above conventional loan limits
- Have strong credit, income, and financial reserves
- Are the surviving spouse of a service member who passed away in the line of duty or from a service-connected disability
- Whether you’re upgrading, relocating, or building a custom home, a jumbo mortgage gives you the financial room to support larger real estate goals.
Fixed-Rate vs. Adjustable-Rate Jumbo Loans
Jumbo loans can be structured to fit your financial strategy:
Fixed-Rate Jumbo Loan
- Interest rate and payment stay consistent
- Predictable long-term budgeting
- Best for buyers planning to stay in their home for many years
Jumbo Adjustable-Rate Mortgage (ARM)
- Lower starting interest rate
- Predictable long-term budgeting
- Best for buyers planning to stay in their home for many years
- Both options offer flexibility — and choosing the right structure depends on your timeline, income outlook, and long-term plans.
Frequently Asked Questions About Jumbo Loans
Yes. VA loan benefits are reusable once your entitlement is restored, which typically happens after selling or paying off a previous VA-financed home.
Yes, in some cases. If you have remaining VA entitlement and qualify financially, you may be able to hold more than one VA loan at once.
Yes, in some cases. If you have remaining VA entitlement and qualify financially, you may be able to hold more than one VA loan at once.
Yes, in some cases. If you have remaining VA entitlement and qualify financially, you may be able to hold more than one VA loan at once.