Jumbo loans

A jumbo loan is for a loan amount above the conforming loan limit set for your county, the level that most conventional loans stay within. If you’re buying or refinancing a higher-priced home, a jumbo loan may be the fit.

Because the amounts are larger, jumbo loans usually look more closely at your finances: your income, your credit, your savings and other assets, and the home’s appraised value. Some jumbo options are available for primary homes, second homes and investment properties.

A licensed loan officer can tell you where the conforming limit sits in your area, whether you’d need a jumbo loan, and what documentation to have ready. Eligibility, underwriting and property requirements apply.