Jumbo Loans in Texas for Homes Up to $3M
- Purchase prices up to $3M
- Luxury home and high-value property financing
- Purchase and refinance options
- Support from pre approval through closing
Financing a home above $1.5M? Our traditional jumbo loan program supports purchase prices up to $3M with a 20% down payment. Ideal for luxury homes, larger loan amounts, and high-value purchases across Texas.
Texas Jumbo Loan Snapshot
OUR EXPERIENCE TO YOUR SERVICE
Jumbo Loan Options for Homes Above $1.5M
This program is designed for buyers purchasing homes that typically sit beyond the limits of our low down payment jumbo options.
For many borrowers, that means:
- Luxury home purchases
- Homes above $1.5M
- Larger jumbo refinances
- Multi-million-dollar properties
- Buyers seeking a traditional jumbo structure
| Property Value | Typical Jumbo Financing Considerations |
|---|---|
| Around $1.5M | Traditional jumbo financing with 20% down |
| Around $2M | Larger reserve requirements and more tailored structuring |
| Around $3M | More detailed review of assets, income, and overall financial profile |
| Jumbo Refinance | Restructure an existing larger mortgage or access equity |
As property values increase, loan structure becomes increasingly important.
The goal isn’t simply approval.
The goal is building a financing solution that supports your long-term objectives.
TESTIMONIALS
Our Clients Say It Best
Not Sure If Your Purchase Requires A Jumbo Loan?
The easiest way to know whether your purchase falls within conforming limits or requires jumbo financing is to review your scenario with a specialist.
What is a jumbo loan in Texas?
A jumbo loan is used when a mortgage exceeds standard conforming loan limits.
In Texas, jumbo financing is commonly used for higher-value homes, luxury properties, larger refinances, and purchases that require loan amounts above conventional limits.
Because these loans fall outside standard conforming guidelines, lenders typically take a closer look at income, assets, reserves, and overall financial strength.
For many buyers, jumbo financing is simply the next step when purchasing a more expensive home.
TAKE THE RIGHT CHOICE
Jumbo loan limits in Texas
Every jumbo loan starts with one key number. The conforming loan limit. That limit in 2026 is 832,750.
In Texas, once your loan amount, not the purchase price, moves beyond that limit, it is considered a jumbo loan. This applies across the state, including markets like Dallas, Austin, and Houston. What matters here is not just the home price. It is the loan amount after your down payment.
For example, a buyer purchasing a high value home may still stay within conforming limits with a larger downpayment. Another buyer purchasing at a similar price point may move into jumbo simply because the loan size is higher. That is why this threshold matters.
It determines which loan structure you fall into, how the loan is assessed, and what lenders will expect from your overall financial profile. For buyers looking at higher value homes, understanding this early helps you plan properly and avoid surprises later in the process.
Looking for a jumbo loan with less than 20% down?
This page focuses on traditional jumbo financing for higher-value homes, including purchase prices up to $3M.
However, not every buyer wants to commit to a 20% down payment.
Qualified buyers may also have access to:
- 5% down financing for homes up to $1.14M
- 10% down financing for homes up to $1.5M
If preserving cash, maintaining liquidity, or reducing your upfront investment is important, our low down payment jumbo loan options may be a better fit.
What you may need to qualify for a jumbo loan
Jumbo loans are built for larger purchases. Because of that, lenders look more closely at the full financial picture. This is not about ticking one box. It is about how everything comes together.
Credit plays a key role. Stronger credit profiles tend to unlock better options and more flexibility. Income matters just as much. Lenders want to see that your income is stable and can comfortably support the loan over time. Your existing debt is also part of the picture. The balance between what you earn and what you owe is your debt to income ratio which helps determine how much you can borrow. Then there are reserves. Many jumbo loans require you to show that you have funds available after closing. This gives lenders confidence that you can handle the loan long term.
Documentation is more detailed too. You may be asked for tax returns, bank statements, and asset verification so the full picture is clear. None of this is there to slow you down. It is there to make sure the structure works properly from the start.
At Hurst Lending, we walk through this with you early, so you understand what is realistic and where you stand before making decisions.
Think You May Qualify?
We’ll review your income, assets, reserves, and goals to help determine the right jumbo financing structure.
How loan size affects jumbo status
Jumbo vs conventional loans
At first glance, jumbo and conventional loans can look similar.
Both are used to finance a home. Both can offer fixed or adjustable rates. The difference comes down to size and how the loan is assessed.
A conventional loan stays within conforming limits which is 832,750 for the year 2026. That means it follows standard guidelines and is typically easier to structure. A jumbo loan sits above those limits. Because of that, the way it is evaluated changes.
Lenders take a closer look at your financial position. Credit, income, assets, and reserves all carry more weight. The goal is to ensure the loan works at a higher level, not just that it gets approved. There are also differences in flexibility.
Conventional loans tend to follow more standardised rules. Jumbo loans allow for more tailored structures, especially when dealing with larger loan amounts or more complex financial situations. For buyers, the shift usually happens naturally.
As soon as your loan amount moves beyond conforming limits, the structure changes with it.
Understanding that early helps you plan properly, rather than trying to fit a larger purchase into a standard framework.
Comparing Jumbo And Conventional Financing?
We’ll help you understand which loan structure makes the most sense based on your purchase price and financial profile.
Local knowledge matters.
Jumbo loans in Dallas, Austin, and Houston
High value homes are not limited to one area in Texas.But each market behaves differently.
- In Dallas: You will often see a wide range of higher value properties, from established neighborhoods to newer developments. Many buyers need jumbo financing here simply due to property prices and competitive demand.
- In Austin: The market can move quickly, especially at higher price points. Buyers often need to be prepared, with financing structured early so they can act when the right property becomes available.
- In Houston: There is more variation in property types and pricing, but jumbo loans are still common for larger homes and higher value purchases across the city.
Across all three markets, the loan threshold works the same way. Once your loan amount moves beyond conforming limits, you are in jumbo territory. What changes is how you approach the purchase. Local knowledge matters.
Property taxes, pricing trends, and competition all influence how a loan should be structured. That is why working with a lender who understands Texas markets can make a real difference.
CHOOSE WHAT FITS YOU BETTER
Why Buyers Choose Hurst Lending For 20% down Jumbo Financing
Financing a high-value property requires more than simply getting approved.
It requires a loan structure that supports your goals both now and in the future.
Buyers choose Hurst Lending because we provide:
- Traditional jumbo financing for homes up to $3M
- Purchase and refinance options
- Support for luxury and high-value properties
- Guidance on reserves, assets, and qualification requirements
- Texas-focused jumbo lending expertise
- Support from pre-approval through closing
Whether you’re buying a luxury property, refinancing a larger mortgage, or exploring your options, we help bring clarity to the process.
How we support your jumbo loan
See what jumbo loan options are available to you
If you are buying a high value home in Texas or refinancing a larger loan, the next step is understanding what works for your situation. That starts with clarity.
We look at your income, assets, and goals, then walk you through the options that make sense for your purchase. No guesswork. No confusion. Just a clear path forward based on your numbers.
Whether you are early in the process or ready to move, we will help you understand what is possible and how to structure it properly.
Jumbo loan FAQs
Do you need 20% down for a jumbo loan?
Not always.
While this page focuses on traditional jumbo financing with a 20% down payment for homes up to $3M, some qualified buyers may be eligible for alternative jumbo loan structures with 5% or 10% down on lower purchase amounts.
See our Low Down Payment Jumbo Loan options for details.
What is the jumbo loan limit in Texas?
A jumbo loan applies when your loan amount exceeds the conforming loan limit.
In Texas, that threshold in 2026 is 832,750,which is the same across the state for single-family family properties. Once your loan moves beyond that amount, it is considered jumbo and follows different guidelines.
What credit score do you need for a jumbo loan?
Requirements vary depending on the loan program and the overall loan structure.
In general, stronger credit gives you access to better options, more flexibility, and more competitive terms. Lenders also look at income, debt, and reserves alongside your credit profile.
How is a jumbo loan different from a conventional loan?
The main difference is the loan size.
A conventional loan stays within conforming limits, while a jumbo loan exceeds them. Because of this, jumbo loans involve a more detailed review of your financial profile and are built for higher value purchases.
Are jumbo loans available across Texas?
Yes.
Jumbo loans are available across Texas, including Dallas, Austin, Houston, and surrounding areas. The same loan limit(832,750) is statewide.
Can you refinance with a jumbo loan?
Yes.
Jumbo loans can be used for both home purchases, refinances and cash out refinances.
Do I Need A Jumbo Loan For A $1 Million Home?
Not always.
Whether a $1 million home requires jumbo financing depends on the size of the loan after your down payment is applied.
Some buyers remain within conforming loan limits, while others move into jumbo financing territory.
