Jumbo Loans

Jumbo loans are home loans that exceed the local area conventional loan limit.

For almost all of the country, that means loans over $647,200.

Conforming loan limits are published by the Federal Housing Finance Agency (FHFA). Like smaller conforming loans, Jumbo loans are available as fixed rate mortgages or as ARMs. Typically, jumbo loans are priced slightly higher than conforming loans primarily due there being no Fannie Mae or Freddie Mac to buy these loans in the secondary market, and therefore a higher risk considerations for Jumbo Loan lenders.

Current as of 8/22/2022 and subject to change.