• Low closing costs • Easy credit qualifying
Jumbo Loan Programs
As discussed earlier, jumbo loans—also known as non- conforming loans—exceed the loan limits set by the Federal Housing Finance Agency (FHFA). A conforming loan meets these limits and is eligible for purchase by Fannie Mae or Freddie Mac. The 2026 conforming loan limits in the 48 contiguous states and Washington D.C. are $819,000 for a single-family home. The limit for a 2-family unit is $1,048,500, a 3-family unit is $1,268,000 and a 4-family unit is $1,575,000. The maximum conforming loan limit for a single-family home in Alaska and Hawaii is $1,229,000. Your loan officer will tell you exactly what the limits are in the area that you are planning to make your purchase. Jumbo loans exceed these limits and are subject to stricter qualification requirements. These typically include: • Higher income • Lower debt-to-income (DTI) ratio • Higher credit score (FICO) • Greater asset reserves (e.g., cash, savings, investments, retirement accounts) available after closing Because jumbo loans aren’t backed by Fannie Mae or Freddie Mac, lenders take on more risk—and require stronger financial profiles to compensate.
A Non-QM Mortgage
A Non-QM (Non-Qualified Mortgage) is a type of loan that does not meet the criteria or "qualifications" set forth by the Consumer Financial Protection Bureau (CFPB) for conventional
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