What is a jumbo mortgage?
A jumbo mortgage exceeds the conforming loan limit set by Fannie Mae/Freddie Mac — $766,550 in most US counties (higher in high-cost areas). Jumbo loans typically require FICO 700+, 10-20% down, 6-12 months of cash reserves, and sometimes carry a slightly higher rate.
More context
A jumbo mortgage exceeds the conforming loan limit set by Fannie Mae/Freddie Mac — $766,550 in most US counties (higher in high-cost areas). Jumbo loans typically require FICO 700+, 10-20% down, 6-12 months of cash reserves, and sometimes carry a slightly higher rate. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.