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Jumbo loan limits in California range from $417,000 to over $600,000. The median value of a home in California is more than double the median values of homes for United States as a whole, even though the median income is only slightly higher.
What is a 30 Year Fixed Rate Jumbo Mortgage Loan? As the name implies, a jumbo mortgage loan is one that is bigger than a normal mortgage loan. Specifically, a jumbo loan is one where the originating principal balance exceeds the amount of a conventional conforming mortgage loan. Conforming loan limits are set by the Government Sponsored Enterprises (GSE), Fannie Mae (FNMA) and Freddie Mac (FHLMC).