Jumbo LoansJumbo loans are loans above the Fannie Mae Freddie Mac conforming loan limit. For most of the country these are loans above $766,550. Jumbo loans generally look and act just like conventional, conforming loans, but since they are held on bank portfolios rather than by Fannie Mae Freddie Mac there are often a few differences. Jumbo loans typically require a larger down payment than conventional, conforming loans. A minimum of a 10% down payment is