With the conforming loan limit at $806,500 in 2026, Ashland and premium Medford buyers often need jumbo financing. Here's what the requirements look like and how to qualify.
Jumbo Loans in Oregon 2026: Requirements and Options
A jumbo loan is any mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). For 2026, the conforming limit in Jackson County is $806,500. Any loan above that amount requires jumbo financing.
Who Needs a Jumbo Loan in Southern Oregon?
In most of the Rogue Valley, the median home price is well below the conforming limit. But in Ashland — where the median price exceeds $540,000 — buyers purchasing higher-end properties often need jumbo financing. The same is true for premium neighborhoods in Medford and Jacksonville.
Jumbo Loan Requirements in 2026
| Requirement | Typical Standard |
|---|---|
| Credit Score | 700+ (720+ for best rates) |
| Down Payment | 10%–20% depending on loan size |
| Debt-to-Income Ratio | 43% or lower |
| Cash Reserves | 6–12 months of payments |
| Appraisal | Often two appraisals required |
Non-QM Jumbo Options
For self-employed buyers or those with non-traditional income, non-QM jumbo loans use bank statements or asset depletion instead of tax returns for income verification. Stephen has access to multiple non-QM wholesale lenders for these situations.
Learn more about jumbo loans or contact Stephen to discuss your specific situation.
Frequently Asked Questions
What is the jumbo loan limit in Oregon for 2026?
Are jumbo loan rates higher than conventional rates?
Stephen Harris, CMC · CRMS · CFMP · CVLS
Licensed Originator · X2 Mortgage · NMLS #203065
Stephen Harris is a Certified Mortgage Consultant with X2 Mortgage, serving Medford, Ashland, Grants Pass, and all of Southern Oregon. With 20+ years of combined real estate and mortgage experience, he holds 5 NAMB designations and 8 real estate credentials — giving his clients an unmatched depth of expertise. Licensed in Oregon, Arizona, and California.