Jumbo mortgage loans in Pennsylvania offer convenient financing for homes with higher prices.
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JD MORTGAGE® connects you with lenders offering low to no down payment mortgages designed specifically for high-income professionals. We find the lenders that allow jumbo loan balances, relaxed debt-to-income ratios and typically do not require private mortgage insurance (PMI).
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Pennsylvania brings a little bit of everything to the table. Residents of the Keystone State enjoy some of the most competitive professional sports teams out there, stunning natural scenery, a dynamic creative arts scene and great restaurants. For these reasons and more, many are glad to call PA home.
Whether you live in a rural town out West or in Philly, home prices in Pennsylvania are going up. According to the Pennsylvania Association of Realtors, the median sales price of a home in Pennsylvania is $211,192. While that number is well below the jumbo loan limit in Pennsylvania, the state still has plenty of jumbo mortgage activity. Seeking out a non-conforming home loan may be the best option for you in terms of accessibility, depending on your goals.
For the most recent year, the HDMA data places Pennsylvania 15th in the country in terms of mortgage origination activity, with a total of $8.19 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Pennsylvania, you’ll be among good company.
The jumbo loan limit in Pennsylvania is $726,200 for most counties in the state. For Pike County up near the NY border, the jumbo loan limit is $1,089,300. Any loan that exceeds either $726,200 or $1,089,300 is a jumbo loan, depending on the county.
| Pennsylvania County | Pennsylvania Jumbo loan (1-unit) | Pennsylvania Conforming loan limit (1-unit) | Pennsylvania FHA loan limit (1-unit) |
|---|---|---|---|
| Adams | $726,200+ | $726,200 | $420,680 |
| Allegheny | $726,200+ | $726,200 | $420,680 |
| Armstrong | $726,200+ | $726,200 | $420,680 |
| Beaver | $726,200+ | $726,200 | $420,680 |
| Bedford | $726,200+ | $726,200 | $420,680 |
| Berks | $726,200+ | $726,200 | $420,680 |
| Blair | $726,200+ | $726,200 | $420,680 |
| Bradford | $726,200+ | $726,200 | $420,680 |
| Bucks | $726,200+ | $726,200 | $408,250 |
| Butler | $726,200+ | $726,200 | $420,680 |
| Cambria | $726,200+ | $726,200 | $420,680 |
| Cameron | $726,200+ | $726,200 | $420,680 |
| Carbon | $726,200+ | $726,200 | $372,600 |
| Centre | $726,200+ | $726,200 | $420,680 |
| Chester | $726,200+ | $726,200 | $408,250 |
| Clarion | $726,200+ | $726,200 | $420,680 |
| Clearfield | $726,200+ | $726,200 | $420,680 |
| Clinton | $726,200+ | $726,200 | $420,680 |
| Columbia | $726,200+ | $726,200 | $420,680 |
| Crawford | $726,200+ | $726,200 | $420,680 |
| Cumberland | $726,200+ | $726,200 | $420,680 |
| Dauphin | $726,200+ | $726,200 | $420,680 |
| Delaware | $726,200+ | $726,200 | $408,250 |
| Elk | $726,200+ | $726,200 | $420,680 |
| Erie | $726,200+ | $726,200 | $420,680 |
| Fayette | $726,200+ | $726,200 | $420,680 |
| Forest | $726,200+ | $726,200 | $420,680 |
| Franklin | $726,200+ | $726,200 | $420,680 |
| Fulton | $726,200+ | $726,200 | $420,680 |
| Greene | $726,200+ | $726,200 | $420,680 |
| Huntingdon | $726,200+ | $726,200 | $420,680 |
| Indiana | $726,200+ | $726,200 | $420,680 |
| Jefferson | $726,200+ | $726,200 | $420,680 |
| Juniata | $726,200+ | $726,200 | $420,680 |
| Lackawanna | $726,200+ | $726,200 | $420,680 |
| Lancaster | $726,200+ | $726,200 | $420,680 |
| Lawrence | $726,200+ | $726,200 | $420,680 |
| Lebanon | $726,200+ | $726,200 | $420,680 |
| Lehigh | $726,200+ | $726,200 | $372,600 |
| Luzerne | $726,200+ | $726,200 | $420,680 |
| Lycoming | $726,200+ | $726,200 | $420,680 |
| Mckean | $726,200+ | $726,200 | $420,680 |
| Mercer | $726,200+ | $726,200 | $420,680 |
| Mifflin | $726,200+ | $726,200 | $420,680 |
| Monroe | $726,200+ | $726,200 | $420,680 |
| Montgomery | $726,200+ | $726,200 | $408,250 |
| Montour | $726,200+ | $726,200 | $420,680 |
| Northampton | $726,200+ | $726,200 | $420,680 |
| Northumberland | $726,200+ | $726,200 | $420,680 |
| Perry | $726,200+ | $726,200 | $420,680 |
| Philadelphia | $726,200+ | $726,200 | $420,680 |
| Pike | $1,089,300+ | $1,089,300 | $970,800 |
| Potter | $726,200+ | $726,200 | $420,680 |
| Schuylkill | $726,200+ | $726,200 | $420,680 |
| Snyder | $726,200+ | $726,200 | $420,680 |
| Somerset | $726,200+ | $726,200 | $420,680 |
| Sullivan | $726,200+ | $726,200 | $420,680 |
| Susquehanna | $726,200+ | $726,200 | $420,680 |
| Tioga | $726,200+ | $726,200 | $420,680 |
| Union | $726,200+ | $726,200 | $420,680 |
| Venango | $726,200+ | $726,200 | $420,680 |
| Warren | $726,200+ | $726,200 | $420,680 |
| Washington | $726,200+ | $726,200 | $420,680 |
| Wayne | $726,200+ | $726,200 | $420,680 |
| Westmoreland | $726,200+ | $726,200 | $420,680 |
| Wyoming | $726,200+ | $726,200 | $420,680 |
| York | $726,200+ | $726,200 | $420,680 |
If you’re ready to look over the best jumbo loan lenders in Pennsylvania, here are some options to consider.
Fulton Bank is a subsidiary of Fulton Bank, a financial institution that traces its roots back to 1882. The bank and mortgage company offer a full suite of financial products, including an attractive physician loan program.
We contacted Fulton Bank to get more details about the doctor mortgage specifically and we think you’re going to like a lot of the terms. Here are the important details:
When you’re ready to connect with a loan officer experienced in doctor mortgages, use our form to quickly match with eligible loan programs based on your specific circumstances.
Keybank has over $170 billion in assets and is the 24th largest bank in the Untied States. They operate throughout 39 states but can originate mortgages in nearly all 50, making them a popular choice among medical doctors throughout the country. One of their key financial products is a jumbo mortgage loan.
We contacted Keybank to learn more about their jumbo loan mortgage and here are the key terms and highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive physician loan product with no money down financing options.
We contacted a loan officer at Huntington Bank to gather information about the doctor mortgage and here’s what we heard back:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.
We spoke to a loan officer at SoFi to discuss their jumbo loan mortgage and this is what we learned:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
TD Bank is a huge bank with deposits over $600 billion, putting it as the sixth largest bank in the United States. You don’t grow that large without having a competitive jumbo loan product.
We spoke to a loan officer at TD Bank to learn more about their jumbo loan program and thought they had some unique features. Here are the basics:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.
We reached out to a loan officer at Flagstar Bank to get details on their jumbo mortgage. Here are the highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Homebuyers in Pennsylvania are often faced with a difficult question: Should they purchase a more expensive home or budget for a home that is more affordable? Even if they can swing a more expensive home, those purchases can be difficult to finance because of the gap between the FHA loan amount limit and the average home cost of a home in Pennsylvania. The state, therefore, has allowed financial institutions to approve loans that have higher limits, known as jumbo loans.
A jumbo home loan is one of the best loan options if you found a great place on the NMLS that has a high price tag. While there are some aspects of jumbo loans that are similar to conventional loans, such as the possibility of closing costs, each mortgage broker will explain their lender practices to you, including jumbo loan limits. Jumbo loan rates may also vary based on the homeowner’s debt-to-income ratio and other credit history, the purchase price of the home, and more. Research mortgage interest rates before you get excited about a high-cost home.
Because these loans are not protected by FHA guaranties, they are typically only given to borrowers with great credit scores or large down payments. By and large, however, if you qualify for a jumbo loan, it makes it much easier to buy a more expensive property, since you can do it with just a single loan. Make sure you use a mortgage calculator to make sure you can afford the real estate property you’re looking at.
The very first thing you’ll need to look at when considering a jumbo loan in Pennsylvania is your overall financial picture. Yes, as mentioned above, you will need great credit, but the bank may also look for stability in other areas, including employment.
These loans come with higher interest rates, so be prepared to pay for the ease of financing you get with a jumbo loan. Many who move forward with these loans think the higher rate is a fair trade for the convenience of financing a large home purchase with one loan.
To make sure that you are able to navigate this process quickly and efficiently and you don’t run into any roadblocks to financing the home of your dreams with a jumbo loan in Pennsylvania we have provided professional loan officers that have years of experience applying, qualifying, and receiving jumbo loans in Pennsylvania. Be sure to contact us today and we will be happy to listen to your situation and match you with the best possible jumbo loans in Pennsylvania.
If you want to find the best jumbo loans in other states, click on your state below.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
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