Real financing for loan amounts above conforming limits.
Whether you're buying in the Bay Area, Los Angeles, Sacramento luxury markets, North Jersey suburbs, or anywhere with a loan above the 2026 conforming limit of $806,500, a properly structured jumbo or high-balance loan can deliver competitive rates with less rigid documentation than most borrowers expect.
A jumbo loan is any mortgage exceeding the FHFA conforming loan limit for the county. In 2026, that's $806,500 in most counties and up to $1,209,750 in high-cost areas like San Francisco, Los Angeles, Orange County, and parts of New Jersey. Loans between baseline and high-cost limits are called high-balance conforming. Loans above high-cost limits are true jumbo.
Loan amounts above baseline ($806,500) but within county high-cost limits. Eligible for Fannie Mae and Freddie Mac, often pricing close to conforming. 5-10% down with PMI.
Loan amounts above county high-cost limits. Typically 10-20% down, 700+ credit score, full documentation. Competitive 30-year fixed and ARM options.
Higher loan amounts with as little as 10% down available for well-qualified borrowers up to $1.5M loan amount.
Self-employed jumbo using 12 or 24 months of bank statements. Up to $3M loan amount. No tax returns required.
Qualify based on liquid assets rather than employment income. Ideal for retirees and high-net-worth borrowers.
VA loans above county limits with no maximum loan amount for eligible borrowers. Partial down payment may apply on the amount exceeding the limit.
Single-family, 2-4 unit, and condo investment property jumbo financing with full-doc and DSCR options.
Most jumbo programs require 700 minimum. Best pricing at 740+. Non-QM jumbo down to 660.
10% minimum to $1.5M. 15-20% above. VA jumbo can be lower.
6-12 months of PITIA in liquid assets, often more for true jumbo.
Typically 43% maximum. Some programs flex to 50% with strong reserves.
Full doc: 2 years tax returns, 2 years W-2s, recent pay stubs, 2 months bank statements. Non-QM: bank statements or assets.
Common questions on jumbo loans, answered by Ken Clark Jr., Certified Mortgage Advisor.
Jumbo loans are any loan above the county conforming limit. In 2026, that's $806,500 in most California counties and up to $1,209,750 in high-cost counties like San Francisco, Los Angeles, San Mateo, Santa Clara, Marin, and Alameda. Sacramento County uses the $806,500 baseline.
Most jumbo programs require 10% down up to $1.5M loan amount and 15-20% down above that. Some programs allow 5% down for well-qualified borrowers. VA jumbo allows zero down up to county limits, with partial down payment on the portion exceeding.
Historically yes, but in 2026 jumbo rates often price within 0.125% to 0.5% of conforming rates because banks compete aggressively for high-balance relationships. Bank statement jumbo and asset-based jumbo price 0.5% to 1.5% higher.
Yes. Bank statement jumbo programs use 12 or 24 months of personal or business bank deposits as income. Asset-based jumbo qualifies you on liquid assets. Both allow self-employed borrowers to qualify without tax returns.
Most jumbo programs require 700 minimum. Non-QM jumbo programs go down to 660. Best pricing at 740+. Your loan officer can pre-qualify you across multiple jumbo investors to find the best fit.
Yes. Jumbo investment property loans are available for single-family, 2-4 unit, and condo properties. Both full-doc and DSCR (rental income only) programs are offered. Down payment requirements are typically 20-25%.