Jumbo Loans

This is a type of loan that exceeds $647,200, the limit set by Fannie Mae (FNMA) and Freddie Mac (FHLMC).


  • You can finance a home that exceeds the maximum loan amount of $647,200 established by FNMA and FHLMC.
  • Borrowers can purchase “more house,” like a high-priced luxury property.
Contact One Of Our Helpful Mortgage Lenders Today!
Licensed In all States
Just fill out the quick form below and we’ll take it from there.

Contact Us

  • This field is for validation purposes and should be left unchanged.
By submitting this form I am agreeing to be contacted by a representative of Supreme Lending.*
What is the Difference Between Jumbo Loans and Conforming Loans?

We’ve established that the loan limit of Jumbo loans exceed those of conforming loans. Let’s delve deeper into how and why they differ:

  • Fees and Closing Costs

    The closing costs and fees of Jumbo loans require additional steps for qualification because the amount is much larger.

  • Size

    Conforming loans have a limit set at $647,200 in most counties ($970,800 in more expensive areas), whereas the amount available to borrow with a Jumbo loan is much more open-ended.

  • Interest Rates

    Since Jumbo loans have a larger loan amount, interest rates are often higher than those of conforming loans.

  • Down Payments

    Down payments on conforming loans are generally more affordable. There are different options to choose from in terms of down payment, starting at 3% of your loan amount. With Jumbo loans, the down payment is a minimum of 10%, often up to 20%. Note: if you put less than 20% down, you are required to have Private Mortgage Insurance (PMI)