Sometimes, the home you want exceeds the financial limits of a conventional loan. As of 2025, the Federal Housing Finance Agency (FHFA) has set one-unit loan limits at $806,500 in most areas of the US. In some areas of the US, the limits are higher based on property values. That means anything beyond that limit requires a jumbo loan. It’s worth noting that loan limits typically adjust annually, so you’ll want to work with a Summit Mortgage loan officer to explore the current standard.
Summit Mortgage has multiple jumbo loan programs to consider based on your needs and financing goals.
Jumbo loans require a minimum credit score of 680 (depending on loan-to-value) and a maximum debt-to-income ratio of 43%.
Use these resources to calculate numbers and check your credit status. Then, connect wit a Summit Mortgage loan officer.
A jumbo loan isn’t right for every homebuyer. Start by asking if you can afford the 15–20% down payment required for a jumbo loan. That money can come from selling your current home, having equity available for a down payment, or having cash assets for the down payment. You will also need reserves after closing (those can be liquid assets/savings or investments).
Looking for an expert opinion? A Summit Mortgage loan officer can help you determine if today is the right time for a home improvement loan.
A local Summit Mortgage loan officer has the expertise to guide your decision-making process, answer questions, and get you approved with the best jumbo loan program for your unique situation. Find a loan officer who’s right for you.
Use our mortgage calculator to estimate your monthly payment by adjusting factors like purchase price, down payment, interest rate, and term. Then, connect with a loan officer to explore mortgage and refinance options that fit your budget.
Applying for a jumbo loan or determining if this type of loan is right for you is simple! Use our Quick Start Form to connect with a Summit Mortgage loan officer who can help guide you through the process.
Curious about what comes next? View our step-by-step application checklist to learn about the process and take your first step toward homeownership.
A jumbo loan might be the right option if you purchase a home in a higher price range and need financing beyond conventional loan limits.
Summit Mortgage employs some of the most experienced loan officers in the country. Our in-depth knowledge of jumbo loans, combined with our commitment to understanding your goals, will ensure your homebuying experience is as smooth and rewarding as possible. Find a loan officer near you.
Congratulations, you’re on your way to finding the loan that’s right for you. If you’re ready to get matched with a Summit Loan Officer to help you with the next steps, use our Quick Start Form.
If you’d like more information first, explore our online resources to learn about the key questions to ask your lender.
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