A jumbo mortgage is a loan that is above the limits set by the government, also referred to as a non-conforming loan, or 417,000. A jumbo loan can be used to purchase single-family and multiunit dwellings up to four units. You can also use a jumbo loan on a second home. A jumbo mortgage may have a fixed or an adjustable interest rate. A jumbo loan is for the purchase of an existing home or the construction of a custom home, including investment property. . Please call for a quote