Jumbo loans for higher-priced homes
When your loan amount is above the conforming limit, lender pricing and rules vary widely. We compare jumbo programs across multiple lenders so you can see the differences before you commit.
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Overview
A jumbo loan is a mortgage above the conforming loan limit set each year by the Federal Housing Finance Agency (FHFA). For 2026 the baseline limit for a one-unit home is $832,750, with higher limits in some high-cost counties. Because Fannie Mae and Freddie Mac cannot buy loans above the limit, jumbo loans are kept by banks or sold to private investors, and each one sets its own guidelines.
Jumbo lenders usually look for stronger credit, lower debt ratios and verified cash reserves after closing. A larger down payment may be required, and some lenders ask for a second appraisal on higher loan amounts. Jumbo loans can finance a primary residence, a second home and, with select lenders, an investment property. Self-employed borrowers can also qualify through non-QM jumbo programs that use bank statements.
Jumbo pricing can vary more between lenders than almost any other loan type. QMS compares jumbo programs from banks, wholesale lenders and private investors, then shows you how pricing, reserve requirements and documentation rules differ. We handle that comparison so you do not have to call lenders one by one. All loans are subject to credit approval and lender guidelines.
Is it a good fit?
- Need a loan amount above the conforming limit for your county
- Have strong credit and a moderate debt-to-income ratio
- Can show cash reserves that remain after closing
- Are buying a primary home, second home or select investment property
- Are self-employed and want a jumbo option based on bank statements
- Want to compare bank and non-bank jumbo pricing in one place
What you'll need
- Pay stubs and W-2 forms for the past two years
- Federal tax returns for the past two years, personal and business if applicable
- Bank, brokerage and retirement statements showing reserves
- Government-issued photo ID
- Purchase contract, or your current mortgage statement for a refinance
- Schedule of other real estate you own, if any
How it works
How it works with QMS
Size the loan
We confirm the conforming limit for your county and where your loan amount falls above it.
Compare jumbo programs
We compare pricing, reserves and documentation rules across banks and private investors.
Appraise and close
We order the appraisal or appraisals the lender requires and manage conditions through closing.
FAQ
Jumbo loan FAQs
Don't see yours? Call us or send a message. We answer the same business day.
305-425-1990What is the conforming loan limit for 2026?
The FHFA set the 2026 baseline conforming loan limit for a one-unit home at $832,750. Limits are higher in designated high-cost counties and for properties with two to four units. Any loan above the limit for your county and property type is a jumbo loan. We can confirm the exact limit for the county where you are buying.
How much cash reserves do I need for a jumbo loan?
Reserve requirements depend on the lender, the loan amount, the property type and your credit. Lenders measure reserves in months of your housing payment, and larger loans usually require more. Retirement and brokerage accounts can often count toward reserves, sometimes at a reduced value. We compare lenders to find reserve rules that match your assets.
Can I get a jumbo loan if I am self-employed?
Yes. Traditional jumbo lenders qualify you with personal and business tax returns. If your returns show lower income because of write-offs, some non-QM lenders offer jumbo loan amounts using bank statements or a profit and loss statement. Pricing and down payment requirements differ between these paths, so we compare both for your situation before you apply.
Does a jumbo loan require two appraisals?
Some lenders require a second appraisal once the loan amount passes a certain level, and others rely on one appraisal plus a review. The requirement is set by each lender. If a second appraisal applies, you will usually pay for both. We tell you up front which lenders require it so the cost and timing do not surprise you.
Get started
Know your numbers before you make an offer.
Tell us about your scenario and we'll price it across our lenders the same business day.