Big dreams mean big loans, and a Jumbo can get you there.

What is a Jumbo Loan?

When the home of your dreams is in an extremely desirable, higher priced real estate market, or your growing family demands a larger home, a Jumbo loan may be right for you. The exclusive community, the premium county, or the upgraded house to fit your growing family are all hallmarks of a Jumbo loan.

Jumbo loans are also considered non-conforming loans because they exceed the conforming loan limit of $417,000. Some counties may vary in conforming loan limits, so our experienced advisors will help you decide if your loan amount fits into the limits, or if a Jumbo loan is the right option for you.

Interest rates on Jumbo loans tend to be higher, due to the increased risk associated with larger loan amounts, and because the loans cannot be sold to Freddie Mac or Fannie Mae on the secondary market. Some borrowers may choose to pay a larger down payment to get their loan size below the conforming limit. Other borrowers are comfortable paying a higher monthly payment instead of putting the additional money down. For these borrowers with higher monthly income but less available savings, a Jumbo loan is the perfect solution.


Jumbo loans are available in a variety of fixed and adjustable rate terms


These loans tend to have higher down payment and cash reserve requirements


For loans above the conforming loan limit up to $5 million

We’re here to help.

Our loan advisors at American Pacific Mortgage can help you determine if your loan amount falls outside of the conforming limits. While piggyback second mortgages and larger down payments could bring your loan amount down to conforming limits, you may choose to utilize a Jumbo loan instead. We will help you understand your options so you can decide which loan will best fit your needs.