A jumbo loan is a type of mortgage that exceeds the conforming loan limits for its area, set yearly by the Federal Housing ...

Most mortgage programs feature limits that determine how much you can borrow. If you want to buy a property priced above those limits, you may need to take out a jumbo loan. Jumbo loans have stricter ...

Why are jumbo loan limits necessary? Conforming loan limits are set by the FHFA, which oversees Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that buy the majority of U.S ...

You might need a jumbo mortgage (aka jumbo loan) if you're buying an expensive property or even a regular home in a pricey market. That's because conforming loans — those meeting Fannie Mae and ...

Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 years, she covers money management, insurance, investing, banking and personal stories. An AFC® accredited financial ...

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home ...

For older homeowners who need cash, a reverse mortgage may be an option. But if your home value is higher than federal reverse mortgage limits allow, you might consider a jumbo reverse mortgage. Jumbo ...

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In most parts of the U.S., a jumbo loan is a mortgage of more than $806,500 as of 2025, but the amount varies by location. Jumbo loans generally require a higher credit score, a higher level of income ...