What is a jumbo loan?

A loan is considered jumbo if it exceeds the conforming and conforming high-balance loan limits.

The current conforming loan limit for a single-family home is $510,400.

Jumbo Loan Considerations

  • Jumbo loans are available for primary residences, second and vacation homes. Jumbo loans are also available in a variety of terms.
  • Jumbo loans are available as fixed-rate or adjustable-rate loans
  • Jumbo loans may have higher interest rates than conforming and conforming high-balance home loans and can have stricter underwriting and larger down payment requirements.

County Bank Mortgage Specialists are only a phone call or email away. Contact us at 302-226-9800 or mortgages@countybankmail.com.

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