Jumbo Loans
For loan amounts above the conforming limit, like many homes in Brentwood and Franklin.
Who This Fits
A jumbo loan is for a loan amount above the conforming limit. That means it is too big for Fannie Mae or Freddie Mac to buy. Jumbo loans are common for larger homes in places like Brentwood and Franklin.
Your Choices
- Jumbo fixed rate: a steady payment on a larger loan.
- Jumbo adjustable rate (ARM): a set rate for the first few years, then it can change.
- Second homes and some rentals: some jumbo loans allow these too.
- Self-employed jumbo: some lenders can use bank statements to show income.
Basic Requirements
These are general guidelines. Each lender has its own rules, and programs can change.
- When you need one: when your loan amount is above the conforming limit. For 2026, the Federal Housing Finance Agency (FHFA) set the one-unit conforming loan limit at $1,029,250 in the Nashville-area counties (Davidson, Williamson, Rutherford, Sumner, Wilson, and Maury). Source: FHFA 2026 county loan limit list, published November 2025. FHFA usually sets the next year's limits each November, so ask Mark for the newest number.
- Down payment: often more than a regular loan. It varies by lender.
- Credit: lenders usually want strong credit.
- Savings (reserves): many lenders want you to have several months of payments saved after closing.
- Income: full paperwork is common, but some lenders accept bank statements for self-employed buyers.
How It Works
- Talk: Mark learns about your income, assets, and goals.
- Compare: jumbo rules change a lot from lender to lender, so he shops many.
- Pre-approval: you make a strong offer.
- Appraisal: some jumbo loans need two appraisals.
- Close: Mark manages the details.
Questions People Ask
Is the jumbo rate always higher?
Not always. Jumbo pricing changes a lot from lender to lender. That is one reason a broker who shops many lenders can help.
Can I avoid a jumbo loan?
Sometimes. A bigger down payment can bring the loan under the conforming limit. Mark can run both ways for you.
Do I need two appraisals?
Some lenders want a second appraisal on bigger loans. Mark will tell you up front.
Related
Conventional Loans · Self-Employed Loans · Brentwood area · All Calculators · Areas We Serve
All loans depend on credit, income, and property review. Not everyone will qualify. Programs can change. This is general information, not a loan offer. Mark Jost, NMLS #150914. Heathrow Mortgage, Company NMLS #1849599. Equal Housing Opportunity.