Jumbo loans
Jumbo financing for higher-value homes.
A jumbo loan is any mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency. For 2026, that means a loan over $806,500 in most areas. Belong Lending works with jumbo-approved lenders to help borrowers purchase or refinance higher-value homes.
What is a jumbo loan?
A jumbo loan is a mortgage that exceeds the annual conforming loan limits set by the Federal Housing Finance Agency (FHFA). Because these loans are too large to be purchased by Fannie Mae or Freddie Mac, they carry different underwriting requirements — usually stricter credit and income standards, larger down payments, and post-closing reserve requirements.
Jumbo loans are available as fixed-rate mortgages (most common) and adjustable-rate mortgages, and can be used for purchase or refinance on primary residences, second homes, and some investment properties.
When does a loan become "jumbo"?
For 2026, the baseline conforming loan limit is $806,500 for a one-unit property in most U.S. counties. High-cost counties can have limits significantly higher. Any single-family loan above the county limit is considered jumbo.
Jumbo requirements are typically tighter
Because jumbo lenders carry more risk, they tend to require higher credit scores (700 – 740+), lower debt-to-income ratios (usually 43% or less), and larger down payments (10 – 20%+). Many jumbo lenders also require documented post-closing reserves — typically 6 to 12 months of PITI (principal, interest, taxes, and insurance).
Key benefits
- Access to higher loan amounts than conforming programs allow
- Competitive fixed and adjustable rates
- Available for primary, second home, and some investment properties
- No mortgage insurance requirement on many jumbo programs (even under 20% down)
Who this loan fits best
- Buyers purchasing higher-value homes above the conforming loan limit
- Homeowners refinancing a large existing balance
- Borrowers with strong credit and documented reserves
Estimate your monthly payment
Jumbo payment calculator
Estimate only. Actual rate, taxes, insurance, and mortgage insurance depend on your specific loan and property. Belong Lending confirms your exact payment at pre-approval.
Serving Detroit and surrounding Michigan communities
Belong Lending helps borrowers with Jumbo loans across Detroit, Troy, Southfield, Ann Arbor, Flint, Livonia, Warren, Sterling Heights, Farmington Hills, Novi, Rochester Hills, Dearborn, and beyond — plus additional coverage throughout Wayne County, Oakland County, Macomb County, Washtenaw County, Livingston County, Genesee County. We also lend on eligible properties in Ohio, Florida, Georgia, and Texas.
Frequently asked questions
What is the jumbo loan limit for 2026?
For 2026, any single-family mortgage above $806,500 in most counties is considered a jumbo loan. High-cost counties have higher conforming limits, so the jumbo threshold varies by location.
What credit score do I need for a jumbo loan?
Most jumbo programs require a credit score of at least 700. Scores of 740 or higher generally unlock the best pricing and highest loan-to-value ratios.
How much down payment do I need for a jumbo loan?
Most jumbo programs require 10% to 20% down, and some higher-balance jumbo loans require 20% or more. A larger down payment often improves the rate and can eliminate mortgage insurance.
Do jumbo loans require mortgage insurance?
Many jumbo loan programs do not require traditional mortgage insurance even with down payments under 20%. Instead, lenders build the risk into the rate and require larger reserves.