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Buying an Expensive Home? You May Need a Jumbo Mortgage

If you’re hoping to buy an expensive home, you may want to consider using a jumbo mortgage.

These super-sized loans are typically larger than the standard loan limits of most other types of mortgages. Standard loan limits are $806,500 for a single-family home in 2025, but can go up to $1,209,750 in certain, higher-cost areas.

Since these are larger loans, borrowers typically need higher credit scores and less debt to qualify. 

“A jumbo mortgage will also come with a larger down payment,” said Ralph DiBugnara, a regional vice president at New American Funding. He is based in Edgewater, N.J.

Ralph DiBugnara NMLS # 19269