What is it?
A jumbo loan is a home loan for expensive properties. Every year, the government sets a limit on how large a "standard" home loan can be. If you need to borrow more than that limit, you need a jumbo loan. Lenders take on more risk, so the bar to qualify is higher.
Good fit when...
- Loan amounts above $766,550 — the 2025 conforming loan limit (updated annually by FHFA)
- Buying a high-priced home or luxury property
- Homes in expensive markets like Denver, Salt Lake City, or parts of Texas
- Buyers with strong credit, solid savings, and stable income
- People who can put down 20% or more
Probably not the right fit if...
- Loans at or below $766,550 — a conventional loan is simpler and cheaper
- Buyers with limited savings or lower credit scores
- First-time buyers who need a low down payment option
- People with complex or hard-to-document income
Not sure if this is the right loan for you?
Take the loan finder quiz or book a free call. I will look at your full picture and tell you exactly what makes sense.