Key Terms
- Jumbo loans in Wisconsin outperform conventional mortgages when it comes to conforming limits.
- Borrowers likely will not need to put a lot of money down on a Wisconsin jumbo loan.
- With jumbo loans, you can finance a more expensive home with just one mortgage.
Wisconsin, often called the “Badger State,” is home to great schools, big cities with “small town” feel, and, of course, that famous midwestern hospitality. Cities across Wisconsin, including Milwaukee and Appleton are considered some of the top spots to raise a family in the U.S., too.
Home prices are rising across Wisconsin, however, making it harder for people to enjoy the midwestern charm of the Badger State. If you’re looking to buy a modern home in Wisconsin or a large property, then getting a jumbo loan may be right for you. Government-backed loans can be viable options for borrowers looking for homes in lower price ranges, but jumbo loans make financing expensive properties much easier.
According to the Wisconsin Association of Realtors, the median sales price of a home in Wisconsin is $275,000. While that number has yet to exceed the jumbo loan limit in Wisconsin, many new properties in Wisconsin are exceeding conforming limits,especially properties with extensive acreage..
For the most recent year, the HDMA data places Wisconsin 23rd in the country in terms of mortgage origination activity, with a total of $2.95 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Wisconsin, you’ll be in the company of many other citizens of the state.
What is the jumbo loan limit in Wisconsin?
The jumbo loan limit in Wisconsin is $726,200 for all counties in the state. Any loan that exceeds $726,200 is a jumbo loan in the state of Wisconsin. Any loan that is less than $726,200 is a conforming loan in the state of Wisconsin.
Wisconsin Jumbo Loan Limits (September 2023)
Wisconsin county-by-county jumbo loan, conforming loan and FHA loan limits.
Wisconsin County | Wisconsin Jumbo loan (1-unit) | Wisconsin Conforming loan limit (1-unit) | Wisconsin FHA loan limit (1-unit) |
---|---|---|---|
Adams | $726,200+ | $726,200 | $420,680 |
Ashland | $726,200+ | $726,200 | $420,680 |
Barron | $726,200+ | $726,200 | $420,680 |
Bayfield | $726,200+ | $726,200 | $420,680 |
Brown | $726,200+ | $726,200 | $420,680 |
Buffalo | $726,200+ | $726,200 | $420,680 |
Burnett | $726,200+ | $726,200 | $420,680 |
Calumet | $726,200+ | $726,200 | $420,680 |
Chippewa | $726,200+ | $726,200 | $420,680 |
Clark | $726,200+ | $726,200 | $420,680 |
Columbia | $726,200+ | $726,200 | $333,500 |
Crawford | $726,200+ | $726,200 | $420,680 |
Dane | $726,200+ | $726,200 | $333,500 |
Dodge | $726,200+ | $726,200 | $420,680 |
Door | $726,200+ | $726,200 | $420,680 |
Douglas | $726,200+ | $726,200 | $420,680 |
Dunn | $726,200+ | $726,200 | $420,680 |
Eau Claire | $726,200+ | $726,200 | $420,680 |
Florence | $726,200+ | $726,200 | $420,680 |
Fond Du Lac | $726,200+ | $726,200 | $420,680 |
Forest | $726,200+ | $726,200 | $420,680 |
Grant | $726,200+ | $726,200 | $420,680 |
Green | $726,200+ | $726,200 | $333,500 |
Green Lake | $726,200+ | $726,200 | $420,680 |
Iowa | $726,200+ | $726,200 | $334,500 |
Iron | $726,200+ | $726,200 | $420,680 |
Jackson | $726,200+ | $726,200 | $420,680 |
Jefferson | $726,200+ | $726,200 | $420,680 |
Juneau | $726,200+ | $726,200 | $420,680 |
Kenosha | $726,200+ | $726,200 | $368,000 |
Kewaunee | $726,200+ | $726,200 | $420,680 |
La Crosse | $726,200+ | $726,200 | $420,680 |
Lafayette | $726,200+ | $726,200 | $420,680 |
Langlade | $726,200+ | $726,200 | $420,680 |
Lincoln | $726,200+ | $726,200 | $420,680 |
Manitowoc | $726,200+ | $726,200 | $420,680 |
Marathon | $726,200+ | $726,200 | $420,680 |
Marinette | $726,200+ | $726,200 | $420,680 |
Marquette | $726,200+ | $726,200 | $420,680 |
Menominee | $726,200+ | $726,200 | $420,680 |
Milwaukee | $726,200+ | $726,200 | $339,250 |
Monroe | $726,200+ | $726,200 | $420,680 |
Oconto | $726,200+ | $726,200 | $420,680 |
Oneida | $726,200+ | $726,200 | $420,680 |
Outagamie | $726,200+ | $726,200 | $420,680 |
Ozaukee | $726,200+ | $726,200 | $339,250 |
Pepin | $726,200+ | $726,200 | $420,680 |
Pierce | $726,200+ | $726,200 | $382,950 |
Polk | $726,200+ | $726,200 | $420,680 |
Portage | $726,200+ | $726,200 | $420,680 |
Price | $726,200+ | $726,200 | $420,680 |
Racine | $726,200+ | $726,200 | $420,680 |
Richland | $726,200+ | $726,200 | $420,680 |
Rock | $726,200+ | $726,200 | $420,680 |
Rusk | $726,200+ | $726,200 | $420,680 |
St. Croix | $726,200+ | $726,200 | $382,950 |
Sauk | $726,200+ | $726,200 | $420,680 |
Sawyer | $726,200+ | $726,200 | $420,680 |
Shawano | $726,200+ | $726,200 | $420,680 |
Sheboygan | $726,200+ | $726,200 | $420,680 |
Taylor | $726,200+ | $726,200 | $420,680 |
Trempealeau | $726,200+ | $726,200 | $420,680 |
Vernon | $726,200+ | $726,200 | $420,680 |
Vilas | $726,200+ | $726,200 | $420,680 |
Walworth | $726,200+ | $726,200 | $420,680 |
Washburn | $726,200+ | $726,200 | $420,680 |
Washington | $726,200+ | $726,200 | $339,250 |
Waukesha | $726,200+ | $726,200 | $339,250 |
Waupaca | $726,200+ | $726,200 | $420,680 |
Waushara | $726,200+ | $726,200 | $420,680 |
Winnebago | $726,200+ | $726,200 | $420,680 |
Wood | $726,200+ | $726,200 | $420,680 |
4 Top Wisconsin jumbo loan lenders
If you’re ready to learn more about the best jumbo mortgage lenders in Wisconsin, here are the top options we’ve found through our research.
1. SoFi
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:
- Loan amounts up to $3 million
- Down payments start at 10% and increase as the loan amount increases.
- No PMI, regardless of your down payment amount.
- 15-year or 30-year fixed rate products available
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.
2. Flagstar Bank
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:
- Loan amounts up to $3 million on primary residences
- Loan amounts up to $2.5 million on second homes
- Purchase and rate/term refinance options available on primary residences and second homes
- No prepayment penalties
- First-time homebuyers permitted
- No mortgage insurance options available
- Cash-out options available on primary residence
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.
3. Huntington Bank
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:
- Loan amounts up to $2.5 million
- Purchase and refinance available
- Refinancing allows you to take up to $750,000 of equity out of your home.
- Second homes are eligible
- Multi-unit properties are eligible
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.
4. Keybank
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:
SilverKey Mortgage
- Loan amounts up to $3.5 million
- 10% down up to $1.5 million
- Fixed or variable rates available
- No private mortgage insurance required
- Available for 1-to-4 unit properties, including single-family homes, condos or planned unit developments.
GoldKey Mortgage
- Loan amounts up to $3.5 million
- 10% down up to $1.5 million
- Fixed or variable rates available
- No private mortgage insurance required
- Available for 1-to-4 unit properties, including single-family homes, condos or planned unit developments.
- Available for second homes and investment properties.
Jumbo Interest-Only Mortgages
- Loan amounts up to $3.5 million
- 30% down on mortgages up to $1.5 million for primary residences
- 35% down on mortgages up to $2 million for second homes
- No private mortgage insurance required
- ARM-only options
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.
Do I need a Wisconsin jumbo loan?
If you have money for a big down payment or are looking for a property that is well under conforming limits, then you may not need a Wisconsin jumbo loan. For whom are jumbo loans ideal? They are a great fit for those who want to hold onto cash and not pay a big down payment, for one. You may also need one if the properties you are interested in are more expensive.
Financing more expensive properties with conventional loans means one of two things: taking out several mortgages or putting down a very large down payment. With a jumbo loan, you can take care of the whole purchase in one fell swoop without a large down payment, in many cases.
If a traditional home loan just won’t work, don’t give up. Plenty of borrowers can’t get the full financing through FHA or VA loans and will instead look at jumbo loans as an alternative. If your purchase price is above the conforming loan limit and you don’t want to deal with an adjustable rate mortgage, finding the right lender is key. Knowing the underwriting requirements, closing costs, interest rate options, and final mortgage payments will help you decide if jumbo loan options are right for you.
Many homeowners use jumbo loans to purchase real estate when other avenues just don’t work. To review those mortgage options, consider a mortgage calculator and pre-approval to help you with that process. Review the loan terms, any premiums required, credit score rules, and more to make sure that you really need a jumbo loan.
The pros and cons associated with Wisconsin jumbo loans
If you are considering a Wisconsin jumbo loan, what are their pros and cons? The biggest pro, as mentioned above, is that these loans give you an easy way to finance a big home purchase.
And the cons? You are going to need a great credit score to get one. These loans come with higher standards because of the increased risk exposure for the bank. You may also have a higher interest rate, so plan in advance to pay a bit more for your financing.
Need a jumbo loan in a different state?
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.