Jumbo Mortgage Loans

Jumbo Mortgage Loans or Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Mortgage Loans are typically used to buy more expensive homes and high-end custom construction homes. They also require a higher down payment than traditional loans. Effective January 1, 2018, the conforming loan limits will increase. Anything above the conforming loan limit is classified as Jumbo mortgage. 

People typically ask, “What is a Jumbo Loan?” “What is the limit on a Jumbo Mortgage loan?” Generally speaking, loans fall into three (3) categories:

  • Conforming Loans – Loan amounts up to $453,100 for the most of US. Loan limit for Hawaii and Alaska is $679,650; 
  • Conforming Jumbo – Loans that are also called Agency Jumbo, Mini Jumbo, High Balance Conforming Loans;
  • Super Conforming – Loan amounts for these type of loans are above the conforming level of $453,100 and up to $679,650. The upper limit of the Conforming Jumbo loan is divided into two (2) categories of Permanent High Cost, which is $625,500 and Temporary High Cost, which is $729,750. Jumbo Loans – Commonly known as Non-Conforming or Super Jumbo. These loans are above $729,750 loan amounts.

Texas jumbo mortgage loans
Additional information about Jumbo Loans is available with classifying risks and costs.

purchase jumbo loan          refinance jumbo loan

For details about Jumbo Loans and other non-conforming loans, contact our Home Loan Specialists at (877) 280-4833.


Apply for jumbo mortgage loans in Houston Texas area