I am a lender here in Washington D.C and have helped many DC Urban Moms & Dads. There are three classifications of loan size. Conventional Conforming = $0 - $417K. Conventional High Balance = $417K - $625,500. Above $625,500 is considered Jumbo.

The interest rate difference between conforming and high balance is generally .125 - .250%. Jumbo rates are not necessarily higher but come with different rules and requirements.

If you'd like more information and detail, contact me at roger.dennis@caliberhomeloans.com or (202) 904-9573.

Under $625k in DC metro is conventional and conforming.

It's a conforming jumbo. So, it is backed by the government but riskier than a conventional loan, yet not as risky as one not backed-therefore lower rates than a non-conforming jumbo.

Thanks, I'm more of a Bing man myself. Maybe that was my first mistake.

I was a little confused because two mortgage bankers I've talked with mentioned my loan would be jumbo, and a calculator that asked me specifically where I live also only offered me jumbo rates, so the information I've been getting has been contradictory to what Bing was telling me.

Thanks for the sarcasm though!

Seriously? Google is your friend. DC Metro area = conforming loans up to $625,500


Took me 5 seconds to find it.

Can someone set me straight on the jumbo loan definition? If I'm looking at a $750,000 house, with a 20% down payment, that would make my mortgage amount $600k. Am I stuck paying jumbo rates? I thought certain areas, DC among them, had higher limits on regular conventional loans?