Opening New Doors To Homeownership With A Jumbo Smart Loan

The national conforming loan limit for 2025 is $806,500. While this can be higher in certain real estate markets where competition is more fierce or housing might be harder to come by, in many cases, you may have to think beyond the realm of conforming loans to get the home of your dreams or even one that matches your needs.

The Jumbo Smart loan from Rocket Mortgage^® is a new option for loan amounts up to $3 million. Even better, unlike past jumbo loan options you might have been exposed to, it doesn’t necessarily require as big a down payment as you might think.

It also doesn’t require submission of reams of paperwork. Combined with a better appraisal process, this should make your mortgage experience smoother.

Oh, and did we mention rental properties? Just thinking about this gets us excited, so let’s start by talking about who this is for before running through the benefits for those looking to buy or refinance a home. We’ll close by touching on what you need to know to qualify.

Who Needs A Jumbo Smart Loan?

The Jumbo Smart loan is for those who are looking to buy a home that falls above local conforming loan limits which would normally be purchased by mortgage investors like Fannie Mae, Freddie Mac, the FHA and VA.

In most areas of the country, the limit for a single-family property is $806,500. Limits in high-cost areas are set at the county level and can be as high as $1,209,750. This latter number represents the single-family limit in Alaska and Hawaii as well. Conforming loan limits may also be higher if you have a 2 – 4-unit property.

For loans above your local conforming loan amount, you’ll need a loan that allows you to up your approval amount. That’s where Jumbo Smart loan comes in.