Jumbo loans are designed for home buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac. Five Stars is a leader in financing Jumbo loans up to $5 million. We offer the best terms and lowest interest rates for owner-occupied and second-home Jumbo mortgages.
Please call or submit the Request Contact Form at any time if you have questions. Specialists are standing by 7 days a week to serve you.
Below, we will take a look at the newly updated Jumbo Loan Guidelines. Before we start, let’s review exactly what a Jumbo loan is. A jumbo mortgage is any single loan amount over the conforming loan limit of $806,500 throughout most of the United States. When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a “Jumbo Loan”
While jumbo loan guidelines may change from year to year, these loans are currently reserved for those who need to borrow anywhere from $832,750 to $5,000,000. In parts of the United States where housing is high cost (parts of California, New York, Florida) the bottom end is set at $1,249,125. In addition, FHA even still offers 3.5% and 5% down payment in high costs location with loan amounts of over $1m. Contact us to learn more about FHA high costs loans.
Jumbo Loan Guidelines 2026:
- 95% Jumbo financing up to $2,000,000 – primary home, full documentation, 700+ credit score. *Note: 95% loans $1.5-$2.0m require a 740 score.
- 90% LTV to $2.5 million on condos
- 85% LTV to $3.0 million on primary single family homes
- Eligible loan terms include fixed rate terms – 10, 15, 20, 25 and 30. In addition to adjustable rates (ARM) 5/1, 7/1, 10/1
- Up to $5 million loan amounts
- No mortgage insurance
- Higher DTI allowed with higher credit scores
- Self-employment with 2 years’ tax returns is okay
- Income sources include W2, self-employed and liquid assets
- No seasoning requirements for cash-out refinance
- No Prepayment Penalty
Borrowers will want to ensure they have a 680+ credit score to take advantage of the lowest interest rates. Higher down payments will likely be required for home buyers that have credit scores below 680.
Homeowners that already have a conventional loan or jumbo can contact us below to learn about Jumbo Cash Out refinance options. Interest rates are still low as we start 2026, and a cash-out refinance / debt consolidation could save you hundreds each month.
Home buyers can contact us (7 days a week) to start the pre-approval process or to learn more about the latest lender and bank Jumbo loan requirements. For fast service, please submit the “Request Contact” form on this page.