Jumbo Loan
Updated 04/29/2024

A jumbo loan (or jumbo mortgage) is a type of financing in which the loan amount exceeds the Federal Housing Finance Agency’s conforming loan restrictions (FHFA). The conforming loan ceiling for 2021 is $548,250 in most locations and $822,375 in high-cost areas. Jumbo loans are a good option for borrowers who want to buy more expensive houses. This mortgage option has the extra benefit of not requiring mortgage insurance. However, because this loan may pose a more considerable risk to the lender, it usually has more demanding qualifying standards than standard conforming loans with lesser ceilings.

Mortgage Guides

Conventional, VA, FHA, etc. What does it mean?

Local Guides

Explore the best of Middle Tennessee

View Floor Plans and Get Prequalified For A Home Today

Brian/DestinyHomes

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Dalton/Ardent

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Emily/Parkside Form

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Samantha/SmithDouglas

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Brittney/SignatureHomes

First Name(Required)
Last Name(Required)