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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.
From Wikipedia, the free encyclopedia. In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.hen FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a jumbo mortgage. Traditionally, the interest rates on jumbo mortgages are higher than for conforming mortgages, however with GSE fees increasing, Jumbo loans have recently seen lower interest rates than conforming loans.