What is a jumbo loan?
A jumbo mortgage loan is a type of non-conforming conventional loan. A jumbo loan is essentially a loan that goes above the limits set by the Federal Housing Finance Agency (FHFA). According to FHFA's limits in 2025, any loan amount for a single-family residence in Maryland that exceeds $806,500 ($1,209,750 in some counties) is considered a jumbo loan. Jumbo loans may be a good alternative for a borrower who plans to purchase a home in a pricier neighborhood.