Non-conforming Conventional Loan Limits (“Jumbo Loans”)

Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans
are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction
homes, and usually require a higher down payment than traditional loans.

Minimum: $417,000
Maximum: N/A

Non-conforming loans are defined as conventional loans which do not meet the requirements set by Fannie Mae and Freddie Mac. Most commonly, non-conforming loans cannot satisfy these guidelines due to exceeding conforming loan limits, in which case they are known as “jumbo loans.”

As such, conventional loans (not including super-conforming loans) above $417,000 are considered non-conforming and jumbo. Non-conforming conventional loans have no specified maximum limit and thus the maximum amount of money one can acquire varies from lender to lender.