Mortgage loans help facilitate home-buyer financing needs for a variety of properties.
The type of loan you’ll need will depend upon the amount that you need to borrow.
Mindful Money shares information below about conforming mortgage loans versus jumbo mortgage loans.
Conforming Mortgage Loans
Conforming mortgage loans adhere to guidelines from Fannie Mae and Freddie Mac.
Current conforming loan limits are $832,750 for one-unit properties, as of October, 2026.
The established standards are set for affordable housing and to mitigate certain investor risks.
Lenders who originate conforming mortgage loans may have opportunities to sell them to Fannie Mae or Freddie Mac.
For loans that meet its guidelines, Fannie Mae and Freddie Mac will bundle them for sale to mortgage investors.
As government-sponsored agencies, Fannie Mae and Freddie Mac are important for lending liquidity.
When lender-issued loans are purchased, it replenishes funds that a lender may use to lend again.
Mindful Money offers conforming mortgage loans in Arizona, California and Colorado.
Jumbo Mortgage Loans
Jumbo mortgage loans require financing that exceeds conforming mortgage loan limits.
If the loan amount that you need is between $832,751 and $5,000,000, a mortgage broker can help you shop for attractive financing terms.
Your mortgage broker can also help you shop for jumbo mortgages loans that are above $5,000,000.
Jumbo-sized mortgage loans have larger monthly payments than conforming loans.
Additionally, jumbo home loans often require a 10% down payment or greater and some lenders may require up to 12 months of financial reserves.
For jumbo mortgage loans, lenders have fairly stringent loan approval conditions.
Speak with an experienced mortgage broker about locating competitively priced jumbo loans.
Get a Mortgage Loan Online
From the comfort of your home, you can apply online for a conforming mortgage loan or a jumbo mortgage loan.
Both loan types may be used to buy a home, obtain a cash-out refinance or a rate-and-term refinance.
Fixed-rate mortgages and adjustable-rate mortgages are available on conforming loans and jumbo mortgage loans.
Samantha Cooley, a licensed mortgage broker with Mindful Money can help you find favorably priced conforming mortgage loans and jumbo mortgage loans in AZ, CA and CO.
With more than 20 years of mortgage industry experience, Samantha offers helpful support for new home buyers and for prior home buyers.
Working with a mortgage professional could help you obtain faster answers to your financing questions or concerns.
Schedule a call with Samantha Cooley today.