Jumbo Loans in 2025: Limits, Rates, and Requirements

When Do You Need a Jumbo Loan?

In 2025, the conforming loan limit is $766,550 in most areas (up to $1,149,825 in high-cost areas like California, Hawaii, and DC). Any loan above these limits is considered a jumbo loan.

Higher Requirements

Down payment: Typically 20% minimum
Credit score: 700+ (often 720+)
Cash reserves: 6-12 months of mortgage payments
DTI: Usually under 43%

Higher Rates

Jumbo loans typically carry rates 0.25-0.5% higher than conforming loans. On a $1M home, that extra 0.5% adds $300+/month to your payment.

Compare jumbo loan costs: all states.