A jumbo loan in Baltimore is defined as a loan that exceeds the mortgage limit designated by Fannie Mae and Freddie Mac. If you are a resident of Baltimore and want to acquire a loan that exceeds the limits set by Fannie Mae, Freddie Mac or FHA, then you would need to look at a Jumbo home loan.
In most counties in Maryland, the 2026 limit of conventional loans is any mortgage below $832,750. This amount is higher if you are looking to invest in multi-family properties. In a city where the cost of living is higher, low down payment jumbo financing just may be the right option.
Select high-cost counties in MD like Prince George’s, Calvert and Charles County allow for conventional loan limits up to $1,249,125. *Please find the complete list of county loan limits below.
Baltimore Jumbo Loan Down Payment:
When we talk about a 90% Jumbo mortgage, the buyer is required to pay a down payment of 10 percent of the total amount. This has made things easier for buyers in higher-cost locations in Maryland, who have limited resources for a large 20% down payment required by most lenders and banks today.
Similarly, in the case of 95 percent Jumbo loans, the borrower only needs to pay a 5 percent down payment of the total amount. Besides easing up things concerning jumbo loans in Baltimore, eligible borrowers can still purchase homes up to $1,500,000 with only a 5% down payment.
Of course, the Jumbo mortgage has minimum requirements that must be met just like conventional loans. Here is a snapshot of the latest updates and lender guidelines.
Primary Residence Requirements:
- 95% financing up to $1,500,000 (80/15 combo loan or single 95% loan options) 680 credit score required
- 90% financing up to $2,500,000. 700 credit score required
- 85% financing up to $3,500,000. 720 credit score required
- No monthly mortgage insurance “PMI”
- Choose between a fixed interest rate or an adjustable rate term
- No pre-payment penalty – sell your home, or pay off your loan anytime
Second Home, Vacation Home Requirements:
- Credit requirements are the same as listed above
- 90% financing up to $2,000,000
- 85% financing up to $2,500,000
Additional Financing Notes:
Additional Financing Notes:- All jumbo loan programs above will require full income documentation for the previous 2 years. Asset documentation for the down payment will be preferred for the previous 3 months.
- Depending on the loan amount and down payment, borrowers will need a min of three months of payment reserves. Loan amounts over $1.5mil should plan for 6 months min of payment reserves
- Jumbo loans for investment properties are available, starting at 80% loan-to-value
- All the guidelines apply to both purchase and rate-term refinance loans. Contact us about cash-out refinance options
VA High-Balance Jumbo Financing:
VA High-Balance Jumbo Financing:The Baltimore area is home to a significant military population, with proximity to bases such as Fort George G. Meade, Aberdeen Proving Ground, and the U.S. Naval Academy in nearby Annapolis. Because of this strong military presence, the VA Jumbo mortgage can be an excellent financing option for qualified veterans and active-duty service members.
With full VA entitlement, eligible borrowers can often secure 100% financing on loan amounts up to $2 million—meaning no down payment is required. For loan amounts above $2 million, VA still allows financing with only a small down payment often less than 10%. This makes it possible for service members to purchase higher-priced homes in Baltimore’s high-cost neighborhoods, where larger homes and waterfront properties can exceed standard conforming loan limits.
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Assisting home buyers across the U.S. including Maryland – Baltimore, Columbia, Germantown, Silver Spring, Waldorf, Ellicott City, Glen Burnie, Frederick, Dundalk, Rockville, Gaithersburg, Bethesda, Towson, Bowie, Aspen Hill, Wheaton MD
COUNTY 1-UNIT 2-UNIT 3-UNIT 4-UNIT
| ALLEGANY COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| ANNE ARUNDEL COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| BALTIMORE COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| CALVERT COUNTY | MD | $ 1,209,750 | $ 1,548,975 | $ 1,872,225 | $ 2,326,875 |
| CAROLINE COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| CARROLL COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| CECIL COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| CHARLES COUNTY | MD | $ 1,249,125 | $ 1,599,375 | $ 1,933,200 | $ 2,402,625 |
| DORCHESTER COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| FREDERICK COUNTY | MD | $ 1,249,125 | $ 1,599,375 | $ 1,933,200 | $ 2,402,625 |
| GARRETT COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| HARFORD COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| HOWARD COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| KENT COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| MONTGOMERY COUNTY | MD | $ 1,249,125 | $ 1,599,375 | $ 1,933,200 | $ 2,402,625 |
| PRINCE GEORGE’S COUNTY | MD | $ 1,249,125 | $ 1,599,375 | $ 1,933,200 | $ 2,402,625 |
| QUEEN ANNE’S COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| ST. MARY’S COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| SOMERSET COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| TALBOT COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| WASHINGTON COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| WICOMICO COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| WORCESTER COUNTY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
| BALTIMORE CITY | MD | $ 832,750 | $ 1,066,250 | $ 1,288,800 | $ 1,601,750 |
