Get the loan for the home you want

When do you need a Jumbo Loan?

Some properties are too expensive for a conventional conforming loan. If the dream home you’re looking at is over the conventional loan limits, you’ll need to apply for a Jumbo Loan. While the national limit is $806,500, the limit varies by county based on the local housing market. In San Francisco, Marin, and San Mateo counties, the limit is $1,209,750.

Most lenders will want to see a FICO® of at least 680, sometimes as high as 720, to get approval for a Jumbo Loan. Because Jumbo Loans are large and can’t be guaranteed by Fannie  Mae and Freddie Mac, they are considered to be riskier than conventional conforming loans. 

Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms. Our SF Fire Credit Union Loan Officers can offer a variety of Jumbo products that are often more flexible than national lenders, based on our knowledge of the local market and risk factors.