What is a jumbo loan?

A loan is considered jumbo when it exceeds the applicable conforming loan limit for the property's county. The limit varies by location, and high-cost areas such as King County receive elevated limits. FHFA updates these limits annually. Jumbo status is determined by loan amount, not property type.

Conforming vs jumbo threshold

FHFA loan-limit concept

Why Eastside and Scottsdale buyers hit jumbo territory

What changes in underwriting

Reserves

Documentation depth

Property type