A jumbo loan is any mortgage above the conforming loan limit — currently $806,500 in standard counties and up to $1,209,750 in high-cost areas for 2026. Anything bigger is jumbo, and the rules look very different from agency lending.
Jumbo isn't one program. It's an entire universe of products from portfolio banks, wholesale lenders, and specialty Non-QM channels. The right one depends on the loan size, the property, your income profile, and how the deal is structured.
Three flavors of jumbo
Bank-portfolio jumbo
Held on a bank's balance sheet. Best pricing, tightest guidelines. Typically requires 720+ FICO, 12+ months reserves, and clean W-2 or self-employed income. Common at Chase, BofA, US Bank, etc.
Wholesale agency-eligible jumbo
Conforms to Fannie/Freddie high-balance guidelines but priced higher. 660+ FICO, faster turn times, more flexibility on DTI and reserves.
Non-QM jumbo
For DSCR investors, bank statement borrowers, asset-depletion buyers, or any scenario where personal income docs don't fit. Loan amounts up to $5M+ with 600+ FICO on select programs.
How we choose
We quote your jumbo across all three channels and pick the one that wins on rate, terms, and likelihood to close. The wrong jumbo lender can kill a deal in underwriting; the right one closes in 21 days.
What you need to qualify
- Credit: 700+ for best pricing, 660+ acceptable on Non-QM jumbo.
- LTV: Up to 80–90% on primary, 70–75% on second home, 65–75% on investment.
- Reserves: 6–24 months PITIA depending on loan size and program.
- DTI: Up to 43% on agency-conforming jumbo, up to 50% on Non-QM.
Where jumbo wins
- Coastal markets and high-cost counties where the median home price exceeds the conforming limit.
- Move-up buyers stepping into the $1M – $3M tier.
- Investors buying $1M+ rentals with DSCR jumbo.
- Cash-out refis on appreciated luxury homes.
Our promise to you
A home is the biggest investment most people ever make, and we treat yours that way. We work for you, not a bank, and we'll explain every fee and every number before you sign.
Apply now and we'll quote your scenario
One application. Multiple lenders shopped. We'll come back with options in hours.