# Jumbo Loans

Source: https://www.gatewayfirst.com/mortgage/specialty/specialty-loans/jumbo

Gateway Mortgage jumbo loans (also called non-conforming mortgages) are not only used to finance luxury properties, but they also play a vital role in expanding homeownership to people who live in high-cost housing markets where prices are above the national average.

## Jumbo Loans
Jumbo loans (also called non-conforming mortgages) are not only used to finance luxury properties, but they also play a vital role in expanding homeownership to people who live in high-cost housing markets where prices are above the national average. Depending on where the property is located, a jumbo loan is financing that exceeds $$832,750 or the conforming loan limit set by the Federal Housing Finance Agency (FHFA).

## Is It Right for You?

Homebuyers seeking a mortgage in excess of $832,750, or who live in a high-cost housing market who have good credit, stable job and credit history, and also possess an appropriate level of liquid assets for the down payment and required reserves.

## Is It Right for Your Situation?

Primary residence, second homes and investment properties, single family and 2-4 unit properties, condos and townhomes, and Planned Unit Developments (PUDs); maximum loan amounts up to $3,000,000.

## Features and Benefits

1. Down payments as low as 10%
2. Flexible underwriting and qualification
3. Private Mortgage Insurance (PMI) may not be required
4. Fixed rate options: Terms range from 10-30 years
5. Adjustable Rate Mortgage (ARM) Programs: 5/6, 7/6, 10/6

Whether you need more room for a growing family or to display your treasured possessions, Gateway has a wide variety of jumbo loan options that deliver flexible options that help bring your dream home within reach. Be sure to check out our [Jumbo Buster](/mortgage/specialty/specialty-loans/jumbo-buster) loan option that shows a worthy alternative to traditional jumbo mortgage financing.

Ready to get expert advice and determine what works best for your personal situation? Contact one of our local, caring mortgage professionals at a [**Mortgage Center Near You**](/locations-atms).
### Helpful Resources
- [Homebuyer's Guide](https://downloads.ctfassets.net/67qif86ju9cg/4sw8jmk5NwMI2CiRo3yfn7/51bcb7decfcf6611580a8dbae1e86792/Homebuyer_Booklet_Final_03.25.21.pdf)
- [Our Blog](https://www.gatewayfirst.com/blog)
- [Loan Estimate 101](https://www.consumerfinance.gov/owning-a-home/loan-estimate/)
- [Closing Disclosure 101](https://www.consumerfinance.gov/owning-a-home/closing-disclosure/)
- [Calculators](https://www.gatewayfirst.com/calculators)
- [Documents Checklist](https://assets.ctfassets.net/67qif86ju9cg/6NryX4QvRaqFUPHwFmyt5D/d39643f18388137bd07152d286efef09/Loan_Docs_Needed_Checklist_FINAL_2.3.21.pdf)
- [Closing Checklist](https://assets.ctfassets.net/67qif86ju9cg/4u4XdL2TWAWhnmSzCtDdhr/c464a349d188abc6d5a86b6101745985/GatewayLoan.com-Assets_Closing-Checklist_2.3.21.pdf)
- [Benefits of Pre-qualification](https://www.gatewayfirst.com/blog/benefits-of-pre-qualification)
- [Find a Loan](https://www.gatewayfirst.com/personal/loans)
Published: 2025-12-04T19:36:20.833Z