Jumbo Loans

Get the mortgage you need for your dream home

Mortgage Your Way

Higher borrowing limits than conventional mortgages.

Purchasing Power

Increase loan-to-value ratio by up to 90% with a jumbo loan.

Save on Interest

Competitive interest rates versus conventional mortgage rates.

Make your dream home a reality
Application Requirements

Qualify for a jumbo mortgage loan

Create an account in our online application platform. Here's what you'll need to apply for a jumbo loan.

  • Social Security number
  • Employer contact information
  • Estimated income, assets and liabilities
  • Details on the property you're interested in buying
Jumbo Loan Benefits

Go beyond conforming limits

Borrow more

Exceed the Federal Housing Finance Agency limit for your market and qualify for a jumbo loan of up to $3 million.

Get a good rate

The right loan for your dream home could end up saving you money on interest.

Structure it your way

Choose from standard fixed-rate or adjustable-rate mortgage options based on your needs.

Get assistance

If you're eligible for down payment assistance, you may be able to make a lower lump sum payment.

Homeowner Insurance

Keep your home and your family safe

Get the right homeowners insurance to meet your family's needs.
Auto Insurance

Protect all your vehicles

Find the right combination of coverage for your vehicle and its passengers.
FAQ

People often ask us

A jumbo loan is a type of mortgage in which the loan amount exceeds the limit set by the Federal Housing Finance Agency, or FHFA. They're primarily designed for purchasing luxury homes or homes in highly competitive housing markets.

The major difference between jumbo loans and conventional home loans is their size. Due to their larger size, jumbo loans are ineligible for Fannie Mae or Freddie Mac to purchase or guarantee, making them slightly riskier than conventional mortgages. As a result, eligibility requirements are usually stricter for jumbo loans.

To qualify for a jumbo loan, it helps to have excellent credit with a score above 700, as well as a low debt-to-income ratio, or DTI. Some lenders may ask for documentation showing you have enough cash on hand to cover the first 6 months or 1 year of mortgage payments.

Each year, the Federal Housing Finance Agency, or FHFA, determines the maximum loan limit for conventional mortgages in the US. In certain places, including higher cost-of-living areas, the limit is higher. You can visit Fannie Mae to see this year's loan limits. To purchase a single-family home above the limit in your area, you'll need a jumbo loan.

Normal credit approval applies.

Not applicable in all states.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.