Jumbo Loans in Charlottesville, VA
Financing above the conforming limit for higher-priced homes.
Work directly with Jodie Barber, a mortgage broker with 30 years of experience serving Charlottesville and all of Charlottesville City County.
Charlottesville at a glance
UVA-anchored, high-demand market (~$523K, +13.0% YoY). NOT in the DC high-cost conforming zone (baseline $832,750), but the Charlottesville MSA FHA 1-unit limit is likely above the $541,287 floor (~$600K range) — CONFIRM exact 2026 HUD value. Conventional/jumbo-leaning; surrounding Albemarle rural areas are USDA-eligible.
Serving Charlottesville neighborhoods including Downtown Mall, Belmont, Fry's Spring, North Downtown, Rugby.
Why a jumbo loan in Charlottesville?
Buyers in higher-cost markets purchasing above the 2026 conforming/high-cost limit.
- ✦Loan amounts above the conforming limit
- ✦Competitive jumbo rates and terms
- ✦Options for strong-credit, higher-reserve borrowers
Virginia Housing Down Payment Assistance (DPA) Grant — 2% of purchase price (with a Virginia Housing Conventional first mortgage) or 2.5% (with a Virginia Housing FHA first mortgage). Qualified first-time homebuyer (no ownership in past 3 years) OR repeat buyer purchasing in an Area of Economic Opportunity; must use an eligible Virginia Housing bond first mortgage (Conventional or FHA); household income within Virginia Housing DPA income limits; within sales-price/loan limits; minimum 600 credit score; borrower brings at least 1% of purchase price from own funds/eligible gift. Cannot be combined with the Plus Second Mortgage or Closing Cost Assistance Grant.
Jumbo Loans FAQ
- When do I need a jumbo loan?
- When your loan amount exceeds your county's 2026 conforming limit. I'll tell you the exact threshold for your area and whether a jumbo is needed.
“Homeownership is a partnership.” Let's talk about your jumbo loan in Charlottesville. No pressure — just straight answers from someone who's done this for 30 years.