Jumbo Loans

Open more doors with a jumbo loan for up to $3 million.

Pre-qualify online and put as little as 10% down.

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Checking your rate will not affect your credit score.†

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What is a Jumbo Loan?

A jumbo loan is a loan for an amount over the conforming loan limit, which is set by the Federal Housing Finance Agency (FHFA). In most counties, the conforming loan limit for a single-family home in 2025 is $806,500. But given rising home values in many cities, a jumbo loan may be necessary to buy a home. Teton County, Wyoming, for instance, had a median home value of over $1 million and a conforming loan limit of $1,209,750 in 2025.

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Why choose SoFi for your jumbo mortgage loan?

%

Competitive
rates.

Find a low rate with SoFi in minutes and save on your monthly payments.

No PMI

Regardless of your down payment amount on a non-conforming mortgage.

Low down payment

Put as little as 10% down on a jumbo mortgage loan.

Dedicated Mortgage Loan Officers.

Consult one of our dedicated MLOs who can guide you through the loan process.

Where are you in the home buying process?

I’ve just started doing some research.

Learn about the home buying process and get some useful tips.

Browse resources

I’ve begun considering homes to buy.

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I've found my home—now I need a loan.

Check your rate, then easily apply online for a home loan.

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How our jumbo loan process works.

Applying for a jumbo mortgage with SoFi is incredibly simple with an application that can be done all online. And if you want one-on-one assistance, our Mortgage Loan Officers and member specialists are standing by to help.

  1. 1

    Pre-qualify without the hassle.

    Find the rate that you qualify for in minutes with no commitment.

  2. 2

    Select your loan.

    Find the loan that matches your financial goals and complete your application and the underwriting process.

  3. 3

    Receive the funds.

    Once your documents are signed, funds are deposited right into your account.

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FAQs

A jumbo loan is a loan for an amount over the conforming loan limit, which is set by the Federal Housing Finance Agency (FHFA). In most counties, the conforming loan limit for a single-family home in 2025 is $806,500. But given rising home values in many cities, a jumbo loan may be necessary to buy a home. Teton County, Wyoming, for instance, has a median home value of over $900,000 and a conforming loan limit of $1,209,750 in 2025. Check out this map to see the conforming limits per county.
Mortgages that conform to the dollar limits set by the Federal Housing Finance Agency (FHFA) are called conforming loans—these loans are then purchased and repackaged by Freddie Mac and Fannie Mae to give lenders the liquidity and therefore the ability to provide more home loans. Loans that exceed the dollar limits set by the FHFA are non-conforming, or jumbo loans.

The factors for approval for conforming versus jumbo loans are similar, like your debt-to-income (DTI) ratio, credit score, and down payment. But because they aren’t backed by Freddie Mac or Fannie Mae, the qualification factors are more stringent for jumbo loans because of the higher risk that the lender takes on.

You might assume that interest rates for jumbo loans are higher than for conforming loans. But jumbo loan rates fluctuate with market conditions. Lately, jumbo mortgage rates have been similar to those of other mortgages and sometimes even lower.

Other differences between jumbo and conventional mortgages are detailed here.
Yes. Check out our mortgage refinance page to find the refi option that’s right for you.
Because a jumbo loan is for an amount greater than a conforming loan, it gives you more options for ownership of homes that are otherwise cost prohibitive.
The maximum amount for a SoFi Jumbo Loan is $3 million.
Approval for jumbo loans depends on factors such as your income, debt, savings, credit history, employment status, and the property you intend to buy. Because a jumbo loan amount is greater than a conforming loan, the standards can be more intensive.
The down payment is as little as 10% with a SoFi Jumbo Loan.
SoFi currently offers jumbo loans in all states.

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