Pros
- Lets you finance more expensive homes
Cons
- Larger down payment and cash reserves usually required
- Stricter credit and income checks
- Rates can be higher or lower than conforming loans
Good to know
- In 2026, a loan above $832,750 is jumbo in most of the US; in high-cost areas the threshold can be up to $1,249,125.
Loan rules and limits change. Confirm current terms with lenders. Not financial advice.
Questions from readers
Question about Jumbo loan? Ask here.