Skip to main content
Metro Mortgage
Start your application Call (703) 345-2330

Loan programs

Jumbo Loans

Home prices in Northern Virginia, Washington, DC and nearby Maryland often call for a loan above the conforming limit. A jumbo loan finances it in a single mortgage.

Start your application Talk to a loan officer

Jumbo loans at a glance

  • Higher loan amounts
  • Fixed or adjustable rates
  • Primary, second and investment homes
  • Lenders compared

  • Higher loan amounts

    Finance homes priced above the conforming loan limit with one mortgage.

  • Fixed or adjustable rates

    Choose the stability of a fixed rate or a lower starting adjustable rate.

  • Primary, second and investment homes

    Options for many property types, depending on the lender.

  • Lenders compared

    Jumbo guidelines vary widely, so we shop lenders to find the best fit.

What is a jumbo loan?

A jumbo loan is a mortgage larger than the conforming loan limit, the maximum loan Fannie Mae and Freddie Mac will buy. Because jumbo loans aren’t backed by those agencies, each lender sets its own guidelines, which makes comparing lenders especially valuable.

Typical jumbo requirements

  • Strong credit. Lenders usually look for a solid credit history.
  • Lower debt-to-income ratio. Your monthly debts, including the new mortgage, need to be a manageable share of your income.
  • Cash reserves. Many lenders want savings left over after closing.
  • Full documentation. Expect to document your income and assets thoroughly.

FAQ

Jumbo loans: common questions

Are jumbo rates higher than conventional rates?

Not necessarily. Jumbo rates depend on the lender, your credit and your down payment, and they can be competitive with conforming rates. We compare lenders to find your best option.

Can I avoid a jumbo loan?

Sometimes. A larger down payment, or a second mortgage alongside a conforming first mortgage, can keep your first loan under the limit. We’ll compare the total cost of each approach.

Do jumbo loans need two appraisals?

Some lenders require a second appraisal for very large loan amounts. We’ll tell you up front if your loan needs one.

Keep exploring

Ready to talk about your home loan?

Get clear answers from a local team, with no pressure and no obligation.

Start your application (703) 345-2330
Call Us Apply Now