A jumbo loan is a loan for a home where the loan amount falls outside of the conforming loan limits. In most counties the conforming loan limit is $548,250 (higher in other counties).
A jumbo 30-year fixed-rate mortgage1 is a convenient way to finance your dream home without requiring a second mortgage or tying up cash. If you are looking to buy a high-priced or luxury home and have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you.
We have an entire suite of Jumbo products designed to help you finance your dreams. Let’s take a look:
If you are a veteran looking for a home loan that has a purchase price above the conforming loan limit, you’ll want to look into a VA Jumbo loan program.
This is designed for loan amounts above$548,250 and may reach $822,375 in high-cost areas. Using your benefits as a veteran allows for you to have less strict qualifying requirements. Depending on your credit score, you may still qualify for no down payment- even on a higher loan amount!
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