A jumbo mortgage is a home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are designed for buyers purchasing high-value homes or properties in competitive real estate markets where prices surpass the standard loan limits. Because jumbo loans cannot be purchased or guaranteed by Fannie Mae or Freddie Mac, they are considered non-conforming loans and typically have stricter eligibility requirements.

To qualify for a jumbo mortgage, borrowers usually need a strong credit score, a low debt-to-income ratio, and a significant down payment. While jumbo loans may have slightly higher interest rates than conforming loans, competitive options are available for well-qualified buyers. Whether you’re purchasing a luxury home or investing in a property in a high-cost area, a jumbo mortgage offers the financing needed to make your real estate goals a reality. Partnering with an experienced lender can help you navigate the process and secure the best terms for your unique financial situation.