Rates & Loans

Jumbo Loan

A mortgage larger than the conforming loan limit, not eligible for purchase by Fannie Mae or Freddie Mac.

What does jumbo loan mean?

Jumbo loans exceed the FHFA limit — above $832,750 in most 2026 areas — so they carry more lender risk and usually require stronger credit, a larger down payment and bigger cash reserves. Their rates can run higher than, or sometimes competitive with, conforming loans.

Put it to use

Mortgage Calculator Use this calculator to determine your monthly mortgage payment and amortization schedule. Mortgage Required Income Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.

Related terms

Conforming Loan Conventional Loan

All glossary terms