Frequently Asked Questions

What is the current Jumbo loan limit?

Jumbo loans are defined as any loan that exceeds the conforming limit set by the FHFA. In 2026, the base jumbo threshold is $832,750 for most of the U.S., while it can be higher in designated high-cost areas reaching up to $1,249,125.

Do I need a 20% down payment for a Jumbo loan?

Not necessarily. While 20% is the traditional standard, LoanHouse has access to programs that allow for 10% down with excellent credit, often without the need for Private Mortgage Insurance (PMI).

Is the interest rate much higher on a Jumbo loan?

Historically, Jumbo rates were higher, but in recent years they have become very competitive. Depending on market conditions, Jumbo rates can actually be lower than conforming rates because they are held by private investors who value the high credit quality of the borrower.

Can I use a Jumbo loan for a condo?

Yes, though the condo building must meet certain stability and insurance requirements. If it is a high-rise or luxury development, we will review the building's "warrantability" alongside your application.