If your dream home comes with a big price tag, a jumbo loan might be your key to owning it.

Not all mortgages are created equal. If you’re shopping in a high-cost market or looking at homes above the national loan limits, you may hear your lender mention a jumbo loan.

👉 Jumbo loans are designed for high-value homes — and while they come with a few more requirements, they offer the flexibility, power, and purchasing potential many buyers need.

Here’s what you need to know about what is a jumbo loan, when it’s required, and how PRMI helps you qualify with confidence.

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✅ What Is a Jumbo Loan?

A jumbo loan is a mortgage that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac.

That means it’s too large to be backed by government-sponsored entities — and is instead offered through private lenders like PRMI.

Because jumbo loans are considered non-conforming, they often have:

• Higher credit and income requirements
• Stricter guidelines
• More customizable features for affluent buyers

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💡 When Do You Need a Jumbo Loan?

You’ll need a jumbo loan when your loan amount exceeds the local conforming loan limit, which for 2025 is:

• $766,550 in most counties
• Up to $1,149,825 in high-cost areas (like many parts of California, Hawaii, New York, and D.C.)

📘 If your loan amount — not just your home price — is above these limits, a jumbo loan is likely required.

✅ Example:
Buying a $900,000 home with 10% down = $810,000 loan
→ That’s a jumbo loan in most areas

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🧠 Common Scenarios Where Jumbo Loans Are Needed

• Buying in high-cost cities or coastal markets
• Purchasing luxury or custom-built homes
• Financing multi-unit properties with higher price points
• Making low down payments on high-value homes
• Refinancing existing jumbo mortgages

Even if you’re not a “luxury buyer,” jumbo loans may be the best fit if you’re financing a home above conforming limits.

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🏡 What Kinds of Homes Can Be Financed?

Jumbo loans can be used to purchase or refinance:

• Primary residences
• Vacation or second homes
• Investment properties
• 1–4 unit properties (in many cases)
• New construction and custom builds

💡 PRMI offers flexible jumbo loan programs to fit a wide variety of goals and property types.

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🏢 Why PRMI?

We help high-value buyers and refinancers:

• Understand whether a jumbo loan is required based on loan limits and down payment
• Qualify with competitive rates and flexible solutions
• Navigate complex underwriting with a personal touch
• Close confidently — even on tight timelines

You bring the vision. We bring the jumbo loan to match.

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👇 Wondering If You Need a Jumbo Loan?

Let’s look at your home price, loan amount, and location — and tell you exactly what type of mortgage you need and what it takes to qualify.