Big home. One loan. Zero drama.
When the home you want is priced above conforming loan limits, a jumbo loan finances it in a single mortgage — with fixed and adjustable options and a Savvy team experienced in higher-value transactions.
Financing above conforming limits
What is a jumbo loan?
A jumbo loan is a mortgage for an amount above the conforming loan limits set for Fannie Mae and Freddie Mac — $832,750 for a single-family home in most areas for 2026 (higher in designated high-cost areas; limits are updated annually). Because these loans are larger and are not eligible for GSE purchase, they typically involve stricter underwriting: stronger credit, more documentation, and larger cash reserves. In exchange, qualified buyers can finance a higher-priced home with a single mortgage.
For loan amounts above the conforming limit — $832,750 in most areas for 2026.
Available for primary residences, second homes, and investment properties.
Fixed-rate and adjustable-rate options.
Typically requires stronger credit, fuller documentation, and cash reserves.
PMI is usually not required; lenders may instead ask for a larger down payment or stronger credit.
Why buyers choose a jumbo loan.
Built for higher-priced homes and competitive markets. As always, terms depend on your individual scenario.Higher loan amounts
Borrow beyond standard conforming caps to finance the home you actually want, without piecing together multiple loans.
One mortgage, one closing
Finance the full purchase in a single loan with a single set of terms and one monthly payment.
Flexible structures
Choose a fixed rate for predictability or an ARM that often starts lower — whichever fits your plans.
Competitive pricing for strong profiles
Borrowers with strong credit, income, and reserves may secure competitive jumbo pricing for their scenario.
Types of jumbo loans.
Several structures, one goal: the right financing for a higher-value property. Availability varies by scenario.
Fixed-Rate Jumbo
Predictable principal-and-interest payments for the full term of the loan.
Adjustable-Rate Jumbo (ARM)
An often-lower starting rate that adjusts after a set introductory period.
Jumbo Cash-Out Refinance
Access equity in a higher-value home by refinancing into a new, larger loan.
Jumbo Investment Property
Financing for higher-value income-generating properties, with investor-focused underwriting.
What it takes to qualify.
Jumbo underwriting digs deeper. Here is what most lenders look for, and what Savvy reviews when you apply.
Credit score
Typically 680 or above, with pricing that may improve for stronger scores. Lower scores may be considered with strong compensating factors.
Down payment
Typically 10–20% or more, depending on the property, loan amount, and your overall financial profile.
Income & documentation
Full documentation — tax returns, pay stubs or business financials, and verified assets.
Debt-to-income (DTI)
Generally 43% or lower, though some programs may allow more with strong compensating factors.
Cash reserves
Typically several months of mortgage payments in reserve after closing, varying by loan size and scenario.
Appraisal
A full appraisal is required; some higher-value properties may require a second appraisal.
How to apply for a jumbo loan.
A deeper review, made painless by your Savvy team. Closing timelines vary by loan and transaction.Check your options
Share your goals and financial picture for an initial read on eligibility and payment range. Soft pull only to start.
Get pre-approved
Submit documentation through our secure portal so your pre-approval carries real weight with sellers.
Shop & make offers
House-hunt with confidence. Your advisor helps you structure competitive offers on higher-value homes.
Underwriting & appraisal
We review your full file and order the appraisal (or appraisals), keeping everything moving in your dashboard.
Lock & close
Lock your rate, sign digitally, and close with your team handling the final details.
Financing a higher-priced home? Let’s run your numbers.
No hard credit pull to explore your options. Get a clear read on your jumbo eligibility, pricing, and payment before you make your next offer.
Frequently asked questions.
Everything you need to know about jumbo loans.
Important rate & fee disclosures
- Jumbo loans are mortgage amounts exceeding the conforming loan limit — $832,750 for a single-family home in most areas for 2026; limits are higher in designated high-cost areas and are updated annually. Typical down payments of 10–20% or more, credit scores of 680 or above, documentation, and cash-reserve requirements apply and vary by program and individual scenario. Rates, APRs, and terms vary by credit profile, loan-to-value, property type, and market conditions and are not guaranteed. Not a commitment to lend.