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All about jumbo loans

Answers to common questions about loans with higher limits

Is a jumbo loan a good option for you? Learn more about this type of home loan and make an informed decision.

What is a jumbo loan?

A jumbo loan is a non-conforming loan that provides financing for loan amounts larger than the normal limits set by Fannie Mae and Freddie Mac. You might consider a jumbo loan if you can manage larger monthly payments and the home you’ll be buying has a high property value. Jumbo loans are available in a variety of fixed-rate and adjustable-rate options.

What are the loan limits for jumbo loans?

Generally, the minimum jumbo loan amount is $424,101 and the maximum jumbo loan amount varies between lenders.

What are the benefits of a jumbo loan?

Jumbo loans offer benefits for homebuyers who can handle the larger payments.

  • Jumbo loans provide home financing options for high-value properties.
  • A jumbo loan can offer the convenience of one loan and one monthly payment for the entire loan amount.
  • With a jumbo or non-conforming loan, you can choose from a variety of loan options.

Learn more about jumbo financing options to decide if a higher-limit loan is a good choice for you.

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