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Jumbo Loan requirements for 2026

Quick answer

A jumbo loan is any mortgage above the county conforming limit ($832,750 in most counties for a one-unit home here). Because Fannie Mae and Freddie Mac can't buy them, each lender sets its own rules — commonly a 700+ credit score, 10%–20% down, a DTI of 43% or less and several months of cash reserves.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

What are the Jumbo loan requirements?

RequirementJumbo
Minimum credit scoreLender-set; commonly 700+
Minimum down paymentLender-set; commonly 10%–20%
Debt-to-incomeLender-set; commonly ≤ 43%
Mortgage insuranceUsually none; lenders require larger down payments instead
ReservesOften 6–12 months of payments in savings
ThresholdLoan amount above the county conforming limit

Jumbo standards are set by individual lenders, not a government agency — the figures above are typical, not guaranteed.

How does Jumbo mortgage insurance work?

Most jumbo lenders don't use PMI; they require larger down payments instead. Some offer 10%-down jumbos with higher rates.

What property rules apply?

Jumbo loans may require two appraisals for very high loan amounts. Terms vary widely — compare multiple lenders.

Learn more on our Jumbo Loan guide or check 2026 loan limits by county.

Jumbo requirements by state

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Jumbo options by credit score

500 credit score520 credit score540 credit score560 credit score580 credit score600 credit score620 credit score640 credit score660 credit score680 credit score700 credit score720 credit score740 credit score760 credit score780 credit score800 credit score

Frequently asked questions

Lender-set; commonly 700+

Lender-set; commonly 10%–20%

Most jumbo lenders don't use PMI; they require larger down payments instead. Some offer 10%-down jumbos with higher rates.

Jumbo loans may require two appraisals for very high loan amounts. Terms vary widely — compare multiple lenders.

Sources

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.