• A jumbo loan is one way to buy a high-priced or luxury home. We offer fantastic jumbo mortgages, although the requirements are stricter than they used to be. If you have a lower debt-to-income ratio, a higher credit score, and at least 5-10% down,  a jumbo loan may be right for you. Jumbo mortgages are home loans that are bigger than normal. They exceed the "conforming limit" -- the maximum loan amount that Fannie Mae and Freddie Mac will buy. The limit on conforming loans is $417,000 in most areas of the country, but jumbo mortgages can exceed these limits.