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What Is a Jumbo Loan?

A jumbo loan (also known as a non-conforming loan) is a mortgage that exceeds the conforming loan limits set annually by Fannie Mae and Freddie Mac. For 2026, the baseline conforming limit is $832,750 for most areas of the United States (higher in high-cost regions).

Because these loans cannot be sold to Fannie Mae or Freddie Mac, lenders take on more risk and typically charge slightly higher interest rates.

"A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk."

Key Benefits of Jumbo Loans

In high-cost areas like San Diego, jumbo loans are often the key to unlocking dream homes that exceed standard loan limits.

Potential Drawbacks

Who Should Consider a Jumbo Loan?

Jumbo loans are ideal for:

How a Jumbo Loan Works

We leverage our strong relationships with wholesale jumbo lenders to secure the best possible terms.

Jumbo Loan vs. Other Options

Loan Type

Max Loan Amount (Most Areas)

Interest Rates

Down Payment

Best For

Jumbo Loan

$1M+

Slightly Higher

10-20%+

Luxury & high-value homes

Conventional

Up to $832,750 (2026)

Lower

3-20%

Standard priced homes

FHA Loan

County-specific (lower)

Competitive

3.5%

Lower down payment buyers

VA Loan

No limit (entitlement-based)

Excellent

0%

Eligible veterans

Why Choose Real Estate Investor Lending for Your Jumbo Mortgage?

As a nationally licensed mortgage broker (NMLS #2130517) with offices in San Diego and El Segundo, we have access to an extensive network of jumbo loan programs that community banks and big institutions often cannot match. Our mission is to provide financing options that enhance your standard of living while treating you like family.

We excel at placing complex jumbo loans quickly and at competitive rates.

Ready to finance your luxury home in San Diego? Get pre-approved for a jumbo loan today - no obligation.

Frequently Asked Questions

Most lenders require 700+, with the best rates and terms available to borrowers with 740+ credit scores.

Typically 10-20% or more, though some programs allow lower down payments for well-qualified buyers.

Rates are usually only slightly higher. We shop aggressively to minimize the difference.

Yes - we offer both 15-year and 30-year fixed jumbo options, as well as adjustable-rate jumbo products.

Yes - we have strong options for second homes and investment properties.

Yes - we are licensed in many states and can assist high-value borrowers nationwide where permitted.

Real Estate Investor Lending · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.