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Jumbo Loan Program | High-Value Home Financing in Maryland

If you're buying a higher-priced home in Maryland, a jumbo loan may be your best financing option. Jumbo loans are designed for mortgages that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.

Whether you're purchasing a luxury home or refinancing a high-value property, jumbo loans offer competitive interest rates, flexible terms, and financing that can go well beyond standard loan caps.

What Is a Jumbo Loan?

A jumbo loan is any mortgage that exceeds the conforming loan limit for your area. In most counties, that limit is $766,550 in 2024 — but it can vary based on location.

Jumbo loans are not eligible for purchase by Fannie Mae or Freddie Mac, which means lenders set their own guidelines. While jumbo loans are often associated with luxury homes, they’re commonly used in competitive real estate markets with rising property values.

Key Features of Jumbo Loans

Loan amounts above conforming limits (typically over $766,550)
Fixed and adjustable-rate options available
Competitive interest rates based on borrower profile
Often require 10% to 20% down payment
Higher credit score and lower debt-to-income ratios typically required
Available for primary homes, second homes, and investment properties

Who Is a Jumbo Loan Right For?

Jumbo loans are ideal for buyers who:

Are purchasing in a high-cost area
Need financing above conforming limits
Have strong credit (typically 700+)
Can verify stable income and liquid assets
Want to finance a luxury, waterfront, or custom-built home

It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.

Do Jumbo Loans Allow for Refinancing?

Yes — jumbo loans can be used to refinance an existing high-balance mortgage, either to reduce your interest rate, change your loan term, or cash out equity.

Jumbo refinance options are available for both rate-and-term and cash-out purposes, though qualifying guidelines are often stricter than with conforming loans.

Explore Other Financing Options

Remodel your home
Pay off high-interest debt
Cover tuition or other major expenses

To qualify, you'll generally need at least 20% equity in your home, and credit scores of 620 or higher. Higher scores may help secure better terms.

Do You Qualify for a Refinance?

Qualification depends on:

Your current equity position
Your credit score (usually 620+)
Debt-to-income ratio
Property type and use (primary residence, second home, or investment)

Explore Other Loan Options

Not sure if a refinance is the best route? You may want to compare your options on the [main Conventional Loan Programs page] or explore:

Get Pre-Approved for a Jumbo Loan:

We’ll help you understand your local loan limits, review your qualification options, and walk you through the jumbo loan process from start to finish.

Start your application or request a free consultation below.