Jumbo Loans

If you’re ready to buy a home with a higher price tag, a Conventional Loan might not cut it. Thankfully, BayFirst offers Jumbo Loans to help you purchase the high-value home of your dreams.

Find A Larger-Than-Normal Loan For Your Luxury Home

Jumbo loans are designed for purchasing or refinancing a home that exceeds conventional loan limits set by the Federal Housing Finance Agency (FHFA), such as high-valued homes or those in high-priced areas. To qualify, borrowers must have an exceptional credit score and low debt-to-income ratio.

Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms, including:

Loans must exceed $647,200 in most states
Tax-deductible interest in some cases
Flexible terms for 15-, 20-, and 30-year loans
Higher interest rates and down payment requirements compared to conforming loans

Ask A Question

Why BayFirst?

At BayFirst, we’re Here for What’s Next^®, including your new address. But before you can turn the key, you’ll need to get started on finding the right mortgage. For more than 20 years, BayFirst’s expert mortgage lenders have been helping buyers like you find the best rates, terms, and loan types to get you moving into the biggest house on the block.

Talk to an expert

What's The Next Step?

Contact A Mortgage Expert

Unsure if a Jumbo Loan is right for you? Our experts can help you weigh your options.
Get Preapproved

Use the BayFirst Buyer Ready Program to get preapproved and ahead of the competition.
Go Shopping

Stay within your preapproved limit, keeping in mind closing costs, inspections and other additional fees associated with buying a home.
Lock In A Rate

Once you’ve found the home you want, you’ll lock in a rate as the application is processed.
Move In

After the application process is complete, you’re clear to close, grab the keys and move on in.

First, find the conforming limits where you’re looking to buy a home, using this FHFA map. Next, gather your income history, debt information, social security number and bank statements. Still on the fence or need more details?

Talk to a lender today

Jumbo Loan FAQ

Jumbo loans are used when the loan amount exceeds the conventional limit set by the Federal Housing Finance Agency (FHFA) – such as high-valued homes or those in high-priced areas.

In the past, a 20% or higher down payment was required but now there may be some exceptions. Your lender will help determine your personal loan requirements.

If you have your heart set on a home in an expensive housing market, you’ll probably need a jumbo loan. But it’s more common than you might think, especially in a hot real estate market when even modest homes can require this type of loan.

In addition to single-family homes, a jumbo loan may also allow borrowers to buy second homes and personal investment properties.

Have More Questions?

All loans subject to approval, including credit approval. Income, credit and property restrictions may apply. Other programs available. Programs subject to change or termination without notice. BayFirst National Bank is not affiliated with the Federal Housing Administration, U.S. Department of Veterans Affairs, or any other government agency.

You are now leaving the BayFirst website. By clicking the 'OK' button below, you will enter a different website created, operated and maintained by a private business or organization. BayFirst is not responsible for the content, views, or privacy policies of this website. We take no responsibility for any products or services offered by this website, nor do we endorse or sponsor the information it contains. In addition, websites may change location, ownership and address frequently. BayFirst is not responsible for the accessibility of this link. Would you like to continue?

Jumbo Loans

If you’re ready to buy a home with a higher price tag, a Conventional Loan might not cut it. Thankfully, BayFirst offers Jumbo Loans to help you purchase the high-value home of your dreams.

Find A Larger-Than-Normal Loan For Your Luxury Home

Why BayFirst?

What's The Next Step?

Contact A Mortgage Expert

Get Preapproved

Go Shopping

Lock In A Rate

Move In

First, find the conforming limits where you’re looking to buy a home, using this FHFA map. Next, gather your income history, debt information, social security number and bank statements. Still on the fence or need more details?

Jumbo Loan FAQ

What’s the difference between a Jumbo Loan and Conventional Loan?

Do I need 20% down to get a Jumbo Loan?

What if I can’t find a home within conforming loan limits?

Can I only purchase a single-family home with this type of mortgage?

Have More Questions?