Sometimes, you need a little something extra when you are about to purchase your dream home. Like when the price of a house and the loan you need to afford it exceeds the conforming limit. That’s where a jumbo loan can be perfect.
Jumbo Mortgages are not currently available through Greater Nevada Mortgage. Our team is here to help you explore other home loan solutions that may fit your needs. Please contact us or connect with a Mortgage Consultant to discuss your options.
Jumbo loans, also known as jumbo mortgages, are home loans that go beyond conforming and high-balance loan limits. Often, jumbo loans are used for purchasing and financing higher-priced and luxury homes, as well as homes in markets with higher housing costs throughout Nevada and California. The limit on the amount you can borrow for a conforming loan in 2026 is $832,750, which is set by the Federal Housing Finance Agency (FHFA).
So, how does a jumbo loan differ from a conventional mortgage? Unlike conventional loans, jumbo loans are not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. For this reason, some lenders consider them to be riskier. To help offset the risk, applicants for this type of loan may need a higher credit score and lower debt-to-income ratio. One thing to note: although interest rates are typically higher on jumbo loans, they could be available in both fixed and adjustable rate mortgages and come with various terms.
We get a lot of questions about the various loan types we offer. Here are more details on how jumbo loans work, whether you’re a first-time buyer or seasoned homeowner.
A jumbo loan is appropriate when a loan exceeds the standard conforming amount backed by the Federal Housing Finance Agency (currently $832,750 in 2026). Due to the size of a jumbo loan, borrowers must have higher credit scores and low debt-to-income ratios.
Jumbo loans are an excellent match for two types of borrowers: those who are looking to finance homes that are above the conforming loan limits in a certain region and those who live in regions where average home prices far outpace the rest of the nation (such as Nevada and California).
Supporting our communities and helping those in need to build a path toward long-term stability remains at the heart of what we do. Since 2021, GNM has proudly partnered with local nonprofits through the Keys to Greater program to help reduce homelessness and create brighter futures across the state.
