Jumbo loans in New Jersey and New York
You need a jumbo loan when the amount you borrow is above the conforming limit for the county: $1,209,750 for a one unit home in most counties we cover in 2026, and $832,750 in Mercer County. Each lender sets its own jumbo rules, so compare more than one.
What lenders usually look at
- A larger down payment than many conforming loans.
- Strong credit and a steady, documented income.
- Cash reserves left after closing, often counted in months of payments.
- A full appraisal, and sometimes a second one on high priced homes.
Ways to stay under the limit
- Put more down so the loan amount fits the conforming limit.
- Ask lenders about a first loan at the limit plus a second loan for the rest.
- Compare the total cost on the Loan Estimate, not only the rate.
2026 loan limits by county
Official limits for loans made in 2026. Conforming limits are from FHFA. FHA limits are from HUD.
| County or borough | State | Conforming limit | FHA limit |
|---|---|---|---|
| Bergen County | New Jersey | $1,209,750 | $1,249,125 |
| Hudson County | New Jersey | $1,209,750 | $1,249,125 |
| Essex County | New Jersey | $1,209,750 | $1,249,125 |
| Passaic County | New Jersey | $1,209,750 | $1,249,125 |
| Union County | New Jersey | $1,209,750 | $1,249,125 |
| Morris County | New Jersey | $1,209,750 | $1,249,125 |
| Middlesex County | New Jersey | $1,209,750 | $1,249,125 |
| Mercer County | New Jersey | $832,750 | $541,287 |
| Queens | New York | $1,209,750 | $1,249,125 |
| Brooklyn | New York | $1,209,750 | $1,249,125 |
| Manhattan | New York | $1,209,750 | $1,249,125 |
| Staten Island | New York | $1,209,750 | $1,249,125 |
| Westchester County | New York | $1,209,750 | $1,249,125 |
| Nassau County | New York | $1,209,750 | $1,249,125 |
One unit homes shown. Two to four unit limits are in the official files linked below. A loan above the conforming limit is a jumbo loan. Checked against the official files on 2026-11-01.
Questions people ask
- Are jumbo rates always higher?
- Not always. Jumbo pricing depends on each lender. Get Loan Estimates from at least two lenders on the same day to compare.
- Can I get a jumbo loan for a NYC co-op?
- Yes, if the lender lends in that building and the board allows that much financing. Many co-op boards cap financing below what a lender would allow.
Official sources
Facts checked 2026-11-01. General information, not financial, legal or tax advice. We are not a lender.