Jumbo Loans

What is a jumbo loan?

A jumbo loan is a mortgage with a loan amount above the conforming loan limit set each year by the Federal Housing Finance Agency (FHFA) for loans that Fannie Mae and Freddie Mac can purchase. For 2026, FHFA's baseline conforming loan limit for a one-unit property in most of the U.S. is $832,750. High-cost counties can have higher limits. Always confirm the limit that applies to your county and property type.

Source: FHFA conforming loan limit announcement for 2026.

Who uses jumbo financing

• Buyers of higher-value homes in Broward, Palm Beach, and elsewhere in Florida
• Borrowers whose loan amount exceeds the local conforming or high-balance limit
• Some second-home and investment purchases, subject to lender guidelines

What to expect

• Credit, reserves, and documentation standards are often stronger than conforming loans
• Down payment requirements vary by lender and occupancy
• As a broker, I can compare jumbo options across wholesale lenders

Related: Conventional · Non-QM · Condo financing · Jumbo reverse (proprietary)

Program availability, guidelines, and eligibility are subject to lender guidelines and eligibility, credit approval, income or asset verification, and property eligibility. This is not a commitment to lend and does not guarantee loan approval. See Disclosures.