Jumbo Basics
What are
jumbo loans?
Jumbo loans — formally called non-conforming mortgages — exceed the FHFA conforming limit and are funded by portfolio lenders and private capital rather than Fannie Mae or Freddie Mac.
Jumbo loans — formally called non-conforming mortgages — exceed the FHFA conforming limit and are funded by portfolio lenders and private capital rather than Fannie Mae or Freddie Mac.
A jumbo loan is any mortgage that exceeds the FHFA conforming limit for the county where the property is located. In 2026, the baseline is $832,750. These loans cannot be sold to Fannie Mae or Freddie Mac, so lenders fund them directly through their own capital or institutional sources.
Jumbo loans finance luxury primary residences, second homes, and investment properties. They are also widely used in high-cost markets where even mid-range homes exceed conforming limits. Specialty programs exist for foreign nationals, self-employed borrowers, and asset-based qualification.
The jumbo lending process mirrors a conventional mortgage — application, underwriting, appraisal, and closing — but typically involves more documentation given the larger loan amounts. As a wholesale broker, JumboLoan.com shops your scenario across multiple lenders simultaneously.
A licensed MLO will review your situation and identify the right programs. NMLS# 1967971 · FL, TN, SC, CO, TX.
All content on this page is for informational and educational purposes only and does not constitute financial, legal, or mortgage advice. Loan programs, qualification requirements, and availability are subject to change without notice and vary by lender, borrower profile, property type, and market conditions. All loans are subject to credit approval. Not a commitment to lend. Speak with a licensed Mortgage Loan Originator for guidance specific to your situation. New Century Mortgage LLC · NMLS# 1967971 · Equal Housing Lender · NMLSConsumerAccess.org