What is a jumbo loan?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A jumbo loan exceeds the conforming limit — $806,500 in most Florida counties for 2025 — so it can't be sold to Fannie Mae or Freddie Mac. Lenders set their own tighter guidelines.
Jumbos require strong credit, larger down payments, and cash reserves, but rates are often competitive. We'll structure your file to meet jumbo standards from the outset.
A larger-than-conforming loan
A jumbo loan is a mortgage that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac. For 2026 that limit tops $800,000 in most areas, so loans above it are jumbo.
They finance high-value homes that standard conforming loans cannot cover.
The requirements
Jumbo loans carry stricter rules: higher credit scores, larger down payments, and more cash reserves. Because no government agency backs them, the lender takes on more risk.
They open the door to luxury and high-cost homes. Reach out and we will see if a jumbo loan fits your goals.