Jumbo Loans

 In 2026, that means any loan over $832,750, or $1,249,125 in higher-cost areas for single family;  $1,599,375 for 2 units;  $1,933,200 for 3 units;  $2,402,625  for 4 units. Because these are bigger loans ineligible to be purchased by the GSEs, they can present more risk to the lender.

Pros

• Can finance a more expensive home
• Competitive interest rates, lately on par with those on conforming loans
• Often the only option in areas with high home values

Cons

• Not available with every lender
• Higher credit score requirement, often a minimum of 700
• Higher down payment requirement, often 10% to 20%

If you’re looking to finance a home with a purchase price exceeding the latest conforming loan limits, a jumbo loan is the best option.