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Jumbo Loan

When your home is worth more than a traditional mortgage allows. Jumbo loans let qualified buyers leverage their financial strength to purchase high-value and luxury properties along the Emerald Coast and beyond.

Above conforming limitsHigh-value homesFixed or adjustable
Overview

What is a Jumbo Loan?

A Jumbo loan is a non-conforming mortgage that exceeds the loan limits set by the Federal Housing Finance Agency — typically above about $806,500 for a single-family home in most areas. Jumbo loans provide access to higher-value financing for luxury properties or high-cost areas, with fixed or adjustable rates and a range of term options.

It's the go-to for the Emerald Coast's higher end — beachfront condos and luxury homes in Destin, Rosemary Beach, and along 30A that run past conforming limits.

Benefits

Why choose a Jumbo Loan?

High Loan Amounts

Finance well beyond conforming limits to purchase higher-value and luxury homes.

Flexible Terms

Choose a fixed-rate or adjustable-rate mortgage with a range of term options.

Multiple Property Types

Use a Jumbo loan for a primary residence, second home, or investment property.

Competitive Pricing

Strong-credit borrowers can access competitive rates even at higher loan amounts.

How It Works

How to qualify

Three simple steps from “just looking” to keys in hand.

1

Check your finances

Jumbo loans generally call for a credit score around 680–740, a debt-to-income ratio under 45%, a 10%–20% down payment, and cash reserves.

2

Get pre-qualified

Pre-qualification is especially valuable on higher-value homes — it shows sellers you're a strong, ready buyer.

3

Gather your documents

Have your ID, income, and asset and reserve documentation ready; Jumbo underwriting reviews these closely.

FAQ

Frequently asked questions

How is a Jumbo loan different from a Conventional loan?
A Jumbo loan exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, so it isn't backed by those entities and typically has stricter qualification requirements.
Do Jumbo loans require a 20% down payment?
Not necessarily. Many Jumbo programs allow 10%–20% down for well-qualified borrowers, though more money down can improve your terms.
Are Jumbo interest rates always higher?
Not always. Jumbo rates are often competitive with conforming rates — and sometimes lower — depending on the market and your financial profile.
Can I get a fixed or adjustable rate?
Yes. Jumbo loans are available as both fixed-rate and adjustable-rate (ARM) mortgages.
Can a Jumbo loan be used for a second home or investment property?
Yes. Jumbo financing is available for primary residences, vacation homes, and investment properties, with terms varying by occupancy.

Ready to get started?

Let’s find out if a Jumbo Loan is the right fit for you. It takes just a few minutes — no obligation.

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