Jumbo Loan vs. Conforming Loan: Quick Comparison
| Feature |
Jumbo Loan |
Conforming Loan |
| Loan Limit |
Above conforming limit ($806,500+ in 2025) |
Up to $806,500 (most areas) |
| Credit Score |
Usually 700 or higher |
Typically 620+ |
| Down Payment |
10–20%+ required |
As low as 3–5% |
| DTI Ratio |
Below 43% (often 36–40%) |
Up to 50% in some cases |
| Reserves |
6–12 months of expenses |
2–3 months typical |
| PMI |
Not required (down payment covers risk) |
Required if <20% down |
| Rates |
Slightly higher or comparable |
Benchmark mortgage rate |
| Approval Process |
More documentation required |
Standard underwriting |
Jumbo Loan vs. Conforming Loan: Quick Comparison
Feature
Jumbo Loan
Conforming Loan
Loan Limit
Above conforming limit ($806,500+ in 2025)
Up to $806,500 (most areas)
Credit Score
Usually 700 or higher
Typically 620+
Down Payment
10-20%+ required
As low as 3-5%
DTI Ratio
Below 43% (often 36-40%)
Up to 50% in some cases
Reserves
6-12 months of expenses
2-3 months typical
PMI
Not required (down payment covers risk)
Required if <20% down
Rates
Slightly higher or comparable
Benchmark mortgage rate
Approval Process
More documentation required
Standard underwriting
