A jumbo loan is a non-conforming mortgage that exceeds the FHFA conforming loan limit. In 2026, the baseline threshold is $832,750. Any mortgage above this amount cannot be purchased by Fannie Mae or Freddie Mac — and requires specialized jumbo financing.
The FHFA sets the conforming loan limit annually based on national home price data. For 2026, the baseline is $832,750 for a one-unit property in most U.S. counties. In designated high-cost areas, the ceiling reaches $1,249,125. Any mortgage above the applicable county limit is a jumbo loan.
Because jumbo loans cannot be sold to Fannie Mae or Freddie Mac, each lender sets its own underwriting standards independently. This creates more program variety — and more flexibility for borrowers with complex financial profiles — but also more variability across lenders.
Jumbo loans are used by buyers of luxury primary residences, second homes, and investment properties in markets where prices exceed conforming limits. Foreign nationals, self-employed borrowers, and high-net-worth individuals often rely on jumbo programs for non-traditional qualification paths.
A licensed MLO can review your specific scenario and identify the programs best suited to your situation. JumboLoan.com works with wholesale and portfolio lenders to provide access to programs not available at retail banks.
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