Jumbo Loans in Texas

When the home you want exceeds conventional loan limits, a jumbo loan is your path forward. Jumbo mortgages are designed for higher-value properties and give qualified buyers the financing they need to purchase luxury homes, large estates, or high-priced real estate in competitive North Texas markets like Frisco, McKinney, Plano, and Prosper.

With 27 years of mortgage experience across North Texas, I work with multiple wholesale lenders to find the best jumbo rates and terms for your situation — whether you’re buying, refinancing, or pulling equity from a high-value home.

What Is a Jumbo Loan?

A jumbo loan is any mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In 2026, the conforming loan limit for most Texas counties is $806,500. Any loan amount above that threshold is considered a jumbo loan and falls outside Fannie Mae and Freddie Mac guidelines.

Because jumbo loans aren’t backed by a government-sponsored enterprise, lenders apply stricter qualification standards — but the right borrower can access exceptional financing on homes that don’t fit conventional molds.

Why Choose a Jumbo Loan?

• Finance high-value properties above the conforming loan limit
• Competitive rates — jumbo rates are often comparable to conventional rates for strong borrowers
• Flexible loan structures — fixed and adjustable-rate options available
• Purchase or refinance — works for both transactions
• No mortgage insurance on most jumbo programs
• Ideal for North Texas luxury markets where home prices regularly exceed $800K–$2M+

Jumbo Loan Requirements in Texas

Jumbo loans require stronger financial profiles than conventional loans. Here’s what most lenders look for:

Credit Score

• Minimum 700 credit score for most jumbo programs
• 720–740+ for the best rates and highest loan amounts

Down Payment

• Typically 10–20% down depending on loan size and lender
• Some programs allow 10% down up to $1.5M with strong reserves
• Down payment funds must typically be seasoned (in your account for 60+ days)

Debt-to-Income Ratio (DTI)

• Most jumbo lenders prefer DTI below 43%
• Some programs allow up to 49% with compensating factors

Cash Reserves

• Lenders typically require 6–12 months of PITI reserves after closing
• Higher loan amounts may require more reserves
• Retirement accounts, brokerage accounts, and liquid assets count

Income & Employment

• Two-year employment history required
• W-2, self-employed, and asset-based income documentation accepted
• Full income documentation required — no stated income jumbo programs

Jumbo Loan Limits in Texas (2026)

The 2026 conforming loan limit for most Texas counties is $806,500. Any loan amount above this requires jumbo financing. In practice, most jumbo purchases in North Texas fall in the $900K–$3M range, with some lenders offering programs up to $5M or more.

• Standard jumbo: $806,501 – $1,500,000
• Super jumbo: $1,500,001 and above

Loan limits, rates, and reserve requirements increase with loan size. I’ll match you with the lender whose program best fits your specific purchase price.

Fixed vs. Adjustable Rate Jumbo Loans

Jumbo loans are available in both fixed and adjustable-rate structures:

• Fixed-rate jumbo (30, 20, 15-year): rate and payment never change — ideal for buyers who plan to stay long-term
• Adjustable-rate jumbo (ARM): lower initial rate fixed for 5, 7, or 10 years, then adjusts annually — can make sense for buyers with a shorter time horizon or who plan to sell or refinance before the adjustment period

Jumbo Loans for Self-Employed Borrowers

Self-employed buyers purchasing high-value homes often find conventional programs too restrictive. Jumbo lenders offer more flexibility, and I also have access to Non-QM jumbo programs that use bank statements or asset depletion income instead of tax returns — a game-changer for business owners with strong cash flow but complex returns.

Learn more about self-employed mortgage options →

North Texas Markets Where Jumbo Loans Are Common

Jumbo financing is increasingly common across the DFW metroplex as home values have risen steadily. Communities where jumbo loans are frequently used include:

• Frisco, TX — master-planned luxury communities and custom builds
• McKinney, TX — Stonebridge Ranch, Trinity Falls, and lakefront properties
• Prosper, TX — Windsong Ranch and high-end new construction
• Plano, TX — West Plano luxury corridors
• Celina, TX — Legacy Hills and acreage estate properties
• Allen, TX — large custom homes on oversized lots

Start Your Jumbo Loan Pre-Approval

Qualifying for a jumbo loan starts with a conversation. I’ll review your income, assets, and credit profile and match you with the best jumbo program available through our wholesale lender network. Pre-approval letters are typically ready within 24–48 hours for fully documented files.

Start Your Application

Schedule a 30-Minute Consultation

Ready to finance your next home in North Texas? Let’s make it happen.