Skip to main content
(704) 800-4719 Get My Mortgage Quote
Loan Options Pre-Qualify Calculators Search Homes Apply Online Reviews Blog Contact Get My Mortgage Quote Call (704) 800-4719
Talk to Richard now (704) 800-4719 Free 5-minute rate check No credit pull required Charlotte's trusted mortgage choice since 1999

Purchase

Jumbo loans, without the jumbo headaches.

When the home you want is above the conforming loan limit set by Fannie Mae and Freddie Mac, you'll need a jumbo loan. We'll walk you through the requirements and shop the right lenders.

Start your purchase quoteCall (704) 800-4719

What a jumbo really is

A jumbo loan is simply any mortgage above the conforming loan limit set each year by the Federal Housing Finance Agency. That limit varies by county. We'll confirm where the line sits for the property you're buying.

What lenders look for

Stronger credit profiles, lower debt-to-income ratios, larger down payments, and meaningful cash reserves. We work with several jumbo investors and shop the loan accordingly.

Highlights

What you should know

Higher loan limits

Finance amounts above the current conforming loan limit for your area.

Stricter guidelines

Jumbo loans typically require stronger credit, lower DTI, and more reserves.

Competitive rates

Jumbo rates are often surprisingly competitive with conforming rates today.

FAQ

Frequently asked questions

What is a jumbo loan?
A jumbo loan is any mortgage that exceeds the conforming loan limits set each year by the Federal Housing Finance Agency (FHFA). Because they can't be sold to Fannie Mae or Freddie Mac, jumbo loans are funded by private investors and typically come with stricter qualification standards.
What is the conforming loan limit in 2026?
Conforming loan limits change annually and vary by county. The baseline limit applies to most U.S. counties, with higher limits in designated high-cost areas. Send us the property address and we'll confirm the current limit so you know whether you need a jumbo loan or conventional financing.
What credit score do I need for a jumbo loan?
Most jumbo lenders look for a credit score of 700 or higher, and some prefer 720+. Stronger borrowers also tend to see better pricing. We work with several jumbo investors and can shop your scenario for the best rate.
How much down payment is required for a jumbo loan?
Down payment requirements vary by lender and loan amount. Many jumbo programs require 10% to 20% down, though 5% down jumbo options exist for highly qualified borrowers. Larger loan amounts typically require larger down payments.
Are jumbo loan rates higher than conventional?
Not always. In many markets jumbo rates are competitive with or even slightly below conforming rates, especially for borrowers with strong credit, low debt-to-income, and significant reserves. Pricing changes often, so we'll quote your real options when we know your scenario.
How much income do I need for a jumbo loan?
Jumbo lenders typically want a debt-to-income ratio at or below 43% (some go higher with compensating factors). They also commonly require 6 to 12 months of cash reserves after closing. We'll review your full financial picture to confirm fit.

Talk it through with our team.

Five minutes on the phone, or a few questions online. No pressure, no credit pull required.

Start your purchase quote Call (704) 800-4719