Jumbo Home Loans
In Sioux Falls
A jumbo loan is a mortgage that exceeds the Federal Housing Finance Agency's conforming loan limit. In Minnehaha County, that limit is $845,000 for 2026. Anything above that amount needs jumbo financing, which comes with its own set of requirements. Key Benefits of Jumbo Financing
Financing for higher-value homes above conforming loan limits
Multiple loan structures available: fixed-rate, adjustable-rate, or interest-only
Access to national lending platforms with competitive rates
Is a Jumbo Loan Right for you?
Buyers purchasing homes above the conforming loan limit, often in higher-end neighborhoods, custom builds, or larger properties around Sioux Falls.
Jumbo Loan Questions, Answered
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Most lenders want a minimum of 700, with some requiring 720 or higher for the best rates.
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Usually 10 to 20 percent, compared to as little as 3 percent on a conforming loan.
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Yes. Jumbo lenders typically want to see 6 to 12 months of mortgage payments in liquid savings after closing.