A mortgage is generally considered a Jumbo Loan when it exceeds the conforming loan limit, $726,200 in most U.S counties, set by Fannie Mae and Freddie Mac. Super Jumbo Loans usually include mortgage amounts over $1 million.
Meaning of superjumbo in English
a very large jumbo jet (= an aircraft that can carry a lot of people): The order includes several of the company's new 600-seat superjumbos. The new super-jumbo will carry 555 passengers.
A super-jumbo loan is one that has loan limits even greater than current jumbo loan limits. Many lenders identify a super-jumbo mortgage as loans where the amount is greater than $3,000,000 while others place the threshold for a super-jumbo at $4 or $5 million.
A jumbo loan is a non-conforming loan for loan amounts greater than $806,500 for a single-family home. In certain high cost areas, including Alaska and Hawaii, the conforming limit is up to $1,209,750.
What income is required for a 600k mortgage? To afford a house that costs $600,000 with a 20 percent down payment (equal to $120,000), you will need to earn just under $90,000 per year before tax. The monthly mortgage payment would be approximately $2,089 in this scenario. (This is an estimated example.)
You can potentially avoid a jumbo loan by saving for a larger down payment. By saving more, you reduce the amount you need to borrow. You can also avoid applying for a jumbo loan by looking at less expensive properties you can finance with a conforming loan.
About jumbo loans
A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $806,500 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is $1,209,750).
In 2024, the conforming loan limit for most counties in the U.S. is $766,550. For homes in Los Angeles County, the conforming loan limit is $1,149,825 in 2024. Nearby Orange County is the same amount but in San Bernardino and Kern counties, the limit is $766,550.
: an extremely large passenger jet airplane : superjet.
What is the size of the Super Jumbo Quartz Slab? 78*138 inches or 2000*3500 mm is the size of the Super Jumbo Quartz Slab, a Modular kitchen which is gaining more popularity due to its high demand.
rose apple (the fruit)
In the United States, a super jumbo mortgage is a jumbo mortgage that far exceeds the conforming loan limits. These are typically 4 times the maximum loan amount set by Fannie Mae or Freddie Mac which as of 2024 was $766,551.
A “jumbo loan” refers to any conventional mortgage larger than the conforming loan limits set by the Federal Housing Finance Agency (FHFA) each year. In 2025, single-family mortgages with balances higher than $806,500 in most U.S. counties (and $1,209,750 in certain high-cost areas) are considered jumbo loans.
Jumbo loan limits
These limits vary by lender and location and are routinely adjusted based on prevailing market conditions. As of 2024, this limit is $766,550 for a single-unit house across most of the contiguous United States, though certain areas like Alaska and Hawaii have limits as high as $1,149,825.
As a general rule of thumb, you can expect to make a down payment of at least 10% on your jumbo loan. Some lenders may require a minimum down payment of 25%, or even 30%. While a 20% down payment is a good benchmark, it's always best to talk to your lender about all options.
30 Year Mortgage Rate in the United States averaged 7.72 percent from 1971 until 2025, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate.
Typically, jumbo loan rates are higher than conventional loan rates. Since jumbo loans carry higher loan amounts and pose higher risks to lenders, they often come with higher interest rates. Additionally, jumbo loans may require larger down payments and stricter qualification criteria compared to conventional loans.
Although a 700 credit score will typically get you a jumbo loan approval, lenders often offer the best jumbo mortgage rates to borrowers with higher credit scores. Make a bigger down payment. Unlike conventional loans, you'll need at least a 10% to 20% down payment to qualify for a jumbo loan.
Debt-To-Income Ratio (DTI)
Conventional loans typically allow a DTI ratio up to 50%, while lower DTIs may result in more favorable terms and interest rates. On the other hand, jumbo loans typically allow a maximum DTI of 45%, although borrowers with 36% or lower may get better terms and rates.
A balloon mortgage is a home loan with an initial period of low or interest-only payments. The borrower pays off the balance in full at the end of the term. A balloon mortgage is usually short-term, often five to seven years.
The 35/45 rule
With the 35/45 model, your total monthly debt, including your mortgage payment, shouldn't exceed 35% of your pre-tax income or 45% of your after-tax income. To estimate your affordable range, multiply your gross income before taxes by 0.35 and your net income after taxes by 0.45.
A bridge loan allows the buyer to take equity out of the current home and use it as a down payment on the new residence, with the expectation that the current home will close within a short time frame and the bridge loan will be repaid.