A jumbo loan is a mortgage loan that rises above the typical loan limits on conforming loans. Conforming loan limits are secured by the Federal Housing Finance Agency (FHFA).  Additionally called non-conforming mortgages, these loans may also have some more selective protocos. A Jumbo Loan requires a stricter set of requirements, as a result of, larger than typical loan limits. The required down payment is also 10%-30% which is higher than regular requirements.