Jumbo loan

Above the conforming limit.Bigger files, sharper underwriting.

Jumbo loans are mortgages above the conforming loan limit set by Fannie Mae and Freddie Mac. They're standard for higher-priced Northeast Florida purchases across Clay, Nassau, Duval, St. Johns, and Flagler counties.

Get Pre-Approved (904) 389-4635

What a jumbo loan is

A jumbo loan is any mortgage above the conforming limit ($832,750 for 2026 in NE Florida). Because jumbos can't be sold to Fannie or Freddie, lenders hold the risk on their balance sheet, so underwriting tightens: bigger reserves, stronger credit, more documentation.

Who qualifies

Eligibility at a glance

What jumbo underwriting expects.

700+

Credit score

Most jumbo programs start at 700. Best pricing at 740 and above.

10-20%

Down payment

10% possible with strong file; 20%+ unlocks better rates and skips PMI.

6-12 mo

Reserves

Months of mortgage payments in the bank after closing. More for larger loans.

Other qualifying considerations:

Documentable income, with two years of tax returns or full W-2 history
Debt-to-income typically capped at 43%, sometimes flexed for high-net-worth borrowers
Property: primary residence, second home, or investment (rate increases as risk increases)

When jumbo is the right call

Purchase price puts you above the conforming limit ($832,750+ in NE Florida after down payment)
High income, strong credit, meaningful reserves
Investor with portfolio approach to multiple high-value properties
Refinance of an existing jumbo to capture rate improvement or cash out

When to look at other programs

Just barely over the conforming limit: a piggyback (80% conforming first + 10% second + 10% down) may price better
VA-eligible buyer: VA jumbo exists with 0% down and no PMI; almost always wins for veterans
Cash flow tight: jumbo reserves requirement may be the binding constraint

Jumbo questions

What buyers above the conforming limit ask.

What's the conforming loan limit?

$832,750 for one-unit single-family homes in 2026 in NE Florida. Anything above that is jumbo.

Can I do a piggyback to avoid jumbo?

Yes. 80-10-10 structures (80% conforming first lien + 10% second + 10% down) can keep your primary loan inside conforming limits. Whether it makes sense depends on the second-lien rate; we'll model both.

Is jumbo more expensive?

Historically yes, but the spread tightens and widens with the secondary-market environment. Sometimes jumbo prices below conforming for top-credit borrowers because portfolio lenders want the relationship. We'll quote it honestly.

What about second homes and investment properties?

Both work for jumbo, with rate adjustments and stricter reserves. Investment property jumbo files are common across Clay, Nassau, Duval, St. Johns, and Flagler counties; we close them regularly.

Above the conforming limit

Get a real jumbo quote today.

Nine wholesale lenders for jumbo files. Different lenders win different niches; we shop your file across all of them.

Get Pre-Approved (904) 389-4635