Loan Programs
Jumbo Loans
Financing for California's luxury and high-cost markets — above the conforming loan limits set by Fannie Mae and Freddie Mac.
What is a jumbo loan?
A jumbo loan exceeds the conforming loan limits set annually by the Federal Housing Finance Agency (FHFA). For 2025, the baseline limit is $806,500 — but in California's high-cost counties (Bay Area, Los Angeles, San Diego, Orange County) the high-balance conforming limit is higher, and anything above that is a true jumbo.
Because jumbo loans can't be sold to Fannie Mae or Freddie Mac, lenders hold them in their portfolios — which means underwriting requirements are more lender-specific and can vary significantly. Shopping multiple lenders matters even more for jumbo.
At a glance
- ✓Loan amounts: typically $806,500–$5M+ depending on lender
- ✓Down payment: usually 10–20% minimum
- ✓Credit score: typically 700+ required
- ✓Cash reserves: 12–24 months PITI common
- ✓Full income documentation required
- ✓Primary, second home, and some investment properties
- ✓Fixed and ARM options available
Jumbo rates vary widely — shopping matters.
Each lender prices jumbo loans differently based on their portfolio appetite. I shop multiple jumbo lenders to find the best rate for your specific loan size, property type, and financial profile.
Get a jumbo rate quote