Jumbo Loan
A jumbo loan is a mortgage that exceeds the conforming loan limit and therefore can't be sold to Fannie Mae or Freddie Mac.
What Jumbo Loan means
Because they carry more risk, jumbo loans require stronger credit, larger down payments, and cash reserves. They're common in higher-priced markets.
Florida example
In 2025, a Florida loan above $806,500 in most counties is jumbo. A Miami buyer financing a $1.2 million home typically needs a 720+ score, 20% down, and 6–12 months of reserves to qualify.
What makes a loan jumbo
A jumbo loan is a mortgage larger than the conforming loan limit set each year. Because it exceeds that cap, it cannot be sold to Fannie Mae or Freddie Mac.
These loans fund higher-priced homes that a standard loan cannot cover.
What to expect
Jumbo loans often ask for a stronger credit score, more reserves, and a larger down payment. Florida's luxury markets see them often.
We have jumbo options with competitive terms. Apply now and we will structure financing for your high-value home.
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Verify the details for your own situation against these government and agency sources: FHFA conforming loan limits and CFPB Owning a Home guide.