Jumbo Loans Questions
Explore questions about mortgages for higher-priced homes.
What is a jumbo loan?
Quick Answer
A jumbo loan is a mortgage above the applicable conforming loan limit. Because it does not fit standard conforming limits, down payment, reserves, documentation, and pricing can differ by lender. The relevant limit depends on the year and county. As of 2026 the conventional loan limits is $832,750. Which means you can buy a million dollar home, put 20% down, and still get a conventional loan.
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