In the affluent Los Angeles neighborhoods scorched by wildfires, jumbo mortgages on multimillion-dollar homes are commonplace, making the loans a potential pain point for the banks left holding them.

In today’s high-cost housing market, you don’t need to be shopping for a mansion to stumble into jumbo loan territory. Traditionally used for luxury properties, jumbo loans are becoming an everyday ...

A jumbo loan is a type of mortgage that exceeds the conforming loan limits for its area, set annually by the Federal Housing and Finance Agency (FHFA). In most parts of the U.S., the limit for 2026 is ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...