Jumbo and Super Jumbo

Offers financing for luxury and/or high-dollar properties in high housing cost areas pricing in excess of established conforming loan limits. Borrowers may qualify for higher loans while still taking advantage of low market interest rates.

Jumbo and Super Jumbo Loans

Jumbo loans exceed the limits set by the Federal Housing Finance Agency (FHFA). These loans provide funding for luxury properties and homes in highly competitive real estate districts. The FHFA sets the conforming loan limit size for different areas annually. As of 2021, the maximum conforming loan limit for a single family property is $510,400. Financing is also available for loan amounts greater than $510,400. These loans provide funding in excess of the standard conforming loan limits for the county in which the home is located.

Conforming Loan Limits

  • $765,600 conforming loan limit in Alaska, Hawaii, Guam, and the U.S. Virgin Islands.
  • $510,400 conforming loan limit in the rest of the United States


Pros of Conventional Mortgage

  • Fast turnaround
  • Borrow up to $3 million with competitive rates offered through Loan Allies
  • Set monthly payments available with 30 and 15-year fixed rate Jumbo loans
  • Option to lower monthly payments with 3, 5, 7, or 10 year adjustable rate Jumbo option

Conforming Jumbo Loan 

A conforming jumbo mortgage is controlled by Fannie Mae and Freddie Mac. But unlike standard loans, it offers higher loan amounts than what is standard for a specific area. The application process is streamlined and offers extended loan-to-value ratios and increased lending limits. The standard maximum loan limit is $765,600, but some areas have a lower maximum.


These loans exceed conforming jumbo limits and guidelines are not governed by Fannie Mae and Freddie Mac. There are no standardized loan limits, but loans typically range from $510,400 to $2 million. The process is streamlined, but requirements are usually greater than with non-conforming loans. Both fixed rate and adjustable rate mortgages are available, although adjustable rate products are more popular.

Super Jumbo

Super Jumbo mortgages are greater than $2 million. Guidelines are not governed by Fannie Mae and Freddie Mac. These loans are typically backed by private banking partners or a super jumbo specialized lending company.

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