Jumbo loans · New Jersey
Jumbo Loans in New Jersey
When the loan amount is above the conforming limit, you need a jumbo loan. Jumbo guidelines differ a lot from lender to lender, which is where shopping several lenders can help.
What is a jumbo loan?
A jumbo loan is a mortgage larger than the conforming loan limit set each year by the FHFA for loans that Fannie Mae and Freddie Mac can buy. Because these loans are held or sold privately, each lender sets its own rules for credit, reserves, down payment and documentation.
Why compare jumbo lenders
- Requirements for credit, cash reserves and down payment vary by lender.
- Some lenders offer jumbo options for self-employed borrowers, including bank statement programs.
- Fixed and adjustable structures are available depending on the lender.
Jumbo loans in NJ
Higher-priced homes in parts of New Jersey can exceed the conforming limit. I'll check the current limit for your county and compare conventional and jumbo options side by side.
Why a mortgage broker? How lender choice helps →
Every loan is subject to credit approval, property eligibility and the lender's guidelines. Programs and terms change; I'll confirm what's available for your situation.
David J. Hutchison II, NMLS #63021 · NEXA Mortgage, LLC dba NEXA Lending, Company NMLS #1660690 · Equal Housing Opportunity. All loans subject to credit approval, property eligibility and lender guidelines. Not affiliated with VA, HUD/FHA, USDA, the Department of Defense or any government agency.
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David J. Hutchison II
(609) 665-3460
dhutch@nexalending.com
Why David
Experience you can lean on
More than 1,000 loans closed over David's career.
Helping New Jersey families finance homes for 25+ years.
Based in Medford, NJ. As a broker, David compares options from many lenders instead of offering just one.
David's father was a veteran, and David has helped many veterans buy and refinance homes across New Jersey.
David works alongside experienced real estate agents across New Jersey, including a military veteran who is one of his top referral partners.
Read what clients say, word for word, on the reviews page.
FAQ
Common questions
What is the conforming loan limit?
It's the maximum loan size Fannie Mae and Freddie Mac can purchase, set each year by the FHFA. Loans above it are jumbo loans. I'll confirm the current limit for your county.
Are jumbo loans harder to qualify for?
Requirements are often stricter and vary by lender, especially for credit, reserves and income documentation. Comparing lenders helps find a fit.
Can self-employed borrowers get a jumbo loan?
Some lenders offer jumbo programs that use bank statements or other alternative documentation.
Next step
Let's talk through your options
No credit pull and no Social Security number, just a conversation. I'll compare lenders and explain everything in plain English.
See also: Non-QM loans explained
Quick quote
Need a jumbo loan? Fill out the form here
Share a few details and I'll reach out, usually the same business day, to talk through options. This is a conversation, not an application — no Social Security number and no credit pull.
- Call/Text(609) 665-3460
- Emaildhutch@nexalending.com
- NMLS#63021
Last updated Nov 2026