Larger loan amounts
Finance a borrowing need above the applicable county conforming loan limit.
Financing a home above your county’s conforming loan limit? Explore jumbo mortgage options with a plan built around your income, assets, down payment, and homeownership goals.
A jumbo loan is a mortgage with a loan amount above the applicable conforming loan limit for the property’s county and number of units. These limits change by year and determine the maximum loan size eligible for purchase by Fannie Mae or Freddie Mac.
The amount you borrow—not the home’s purchase price—determines whether you need jumbo financing. Your down payment can affect which loan category applies.
Available programs depend on your qualifications, property, loan amount, and lender guidelines.
Finance a borrowing need above the applicable county conforming loan limit.
Compare payment stability with adjustable-rate options, including their future payment risks.
Review how your down payment affects loan eligibility, pricing, and funds remaining after closing.
Discuss primary homes, second homes, or investment properties. Eligibility varies by program.
Explore financing for a home purchase or refinancing an existing mortgage, subject to available programs.
Work through income documentation, asset requirements, and your anticipated closing timeline.
A larger mortgage deserves a careful look at your total monthly payment, cash needed to close, and financial flexibility after the purchase.
Compare principal and interest, property taxes, homeowners insurance, and any applicable HOA dues when setting your budget.
Lenders review your credit history, documented income, monthly debts, assets, down payment, and property. Jumbo requirements can be more demanding than those for conforming loans.
There is no single credit score, down payment, or reserve requirement that applies to every jumbo program. An early review helps identify the guidelines relevant to your situation.
Your lender will provide the specific document list. Self-employed borrowers may need additional income analysis.
Whether you are comparing homes in Draper, Salt Lake City, or elsewhere along the Wasatch Front, start with the property’s county, your expected down payment, and the resulting loan amount.
For properties in Salt Lake, Utah, Davis, or Weber County, confirm the applicable county limit before assuming a larger home purchase requires a jumbo mortgage. Also discuss the property type, intended occupancy, and any HOA obligations.
Connect with a Houzd loan officer to review your Utah purchase or refinance scenario and identify the next steps.
A conversation about jumbo financing may be useful when:
Your expected loan exceeds the county conforming limit.
You want to compare different down payment scenarios.
You need help documenting income or significant assets.
You want to compare fixed-rate and adjustable-rate financing.
You are evaluating financing for a second home.
You want to review refinance options for a larger mortgage.
Discuss your budget, property location, down payment, and purchase or refinance timeline.
Submit requested documents so your loan officer can evaluate potential options.
Review available terms, estimated costs, reserve requirements, and approval conditions.
Work through appraisal, underwriting, and closing requirements for final approval.
A mortgage becomes jumbo when its loan amount exceeds the applicable conforming loan limit for the property’s county and number of units. Utah does not have a single statewide threshold, and limits can change annually.
Check the current FHFA county loan limits for the property you are considering.
No. A high-balance conforming loan remains within the higher conforming limit allowed in an eligible county. A jumbo loan exceeds the applicable conforming limit.
No. Down payment requirements vary by lender, loan amount, occupancy, and borrower qualifications. Some programs may allow less than 20%, while others require more. Ask for the requirements for your specific scenario.
There is no universal minimum across all jumbo programs. Lenders consider your credit score alongside income, debts, assets, down payment, and loan size.
Reserves are eligible assets available after closing, often measured in months of housing payments. Required amounts and eligible account types vary by lender and program.
Yes, self-employed borrowers may qualify when they meet the program’s income documentation and other requirements. Tax returns, business records, and additional financial documents may be required.
No. Jumbo rates are not always higher than conforming mortgage rates. Pricing depends on market conditions, lender offerings, loan terms, and borrower qualifications. Compare rate, APR, fees, and payment together.
Jumbo refinance options may be available, subject to equity, credit, income, property eligibility, and program guidelines. Review closing costs and the expected benefit before deciding to refinance.
Start your application online or connect with a Houzd loan officer to discuss your property, budget, and financing goals.
Let’s review your loan amount, down payment, and goals so you can take the next step with a clearer picture.
Prefer to talk first? Find your Houzd loan officer.
All loans are subject to credit approval, underwriting, property eligibility, and applicable program guidelines. Program availability, loan limits, rates, terms, down payment requirements, and reserve requirements may change. Information on this page is not a commitment to lend.
Adjustable-rate mortgage rates and payments may increase after the initial fixed-rate period. Refinancing may increase total finance charges over the life of the loan.
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