Loan amounts are often considered jumbo when they exceed the conforming high balance loan amounts set by the Government-Sponsored Enterprises (GSE) Fannie Mae or Freddie Mac. Below are the general high balance conforming loan amounts, but these may be adjusted lower in some regions.
- Single family home or residence – Up to $726,525
- 2-unit home (duplex) – Up to $930,300
- 3-unit home (triplex) – Up to $112,4475
- 4-unit home (fourplex) – Up to $1,397,400
Also known as a nonconforming loan, a jumbo loan often carries a higher interest rate and may require a larger down payment and lower loan-to-value (LTV) ratio than a conventional mortgage.
However currently we are offering 30 year fixed Jumbo loans up to 95% LTV with no mi payments.