Jumbo financing: review loan size and documentation together.

Check the applicable limit

A jumbo loan exceeds the applicable conforming loan limit. FHFA publishes limits by year and location, with values that also depend on the number of units. A single national number can be misleading for a particular property.

Use the current FHFA tables and discuss the property details with Luke rather than relying on an old threshold in a marketing article.

FHFA: Current conforming loan limits ↗

Loan size does not choose the documentation

Explain your income sources, available assets and the loan amount you want to discuss. Bank statements, a P&L or asset-based qualification may be relevant to a program review; none guarantees a particular jumbo amount.

Ask which documentation options are available for your scenario and how the terms compare. There is no universal down payment, credit score or reserve requirement being offered on this page.

Prepare your scenario

Bring the property state, target purchase price or estimated refinance value, requested loan amount and approximate funds available for closing. Note your timing and any contract commitment.

For the home you will live in, start through Reside. If the purchase is a business-purpose investment, choose Invest before beginning a loan application.

• What documentation supports this request?
• How much liquidity would remain after closing?
• Which costs and payment changes should I compare?