Buying above the $806,500 conventional loan limit in Short Pump, West End, or other premium Richmond neighborhoods? 804Mortgage offers competitive jumbo financing with a local team that knows these markets.
For well-qualified buyers purchasing in Richmond's higher price ranges.
A jumbo loan is any mortgage that exceeds the conforming loan limit established by Fannie Mae and Freddie Mac. In 2025, that limit for most Virginia counties — including Richmond, Henrico, Chesterfield, and Hanover — is $806,500 for a single-family home.
Because jumbo loans exceed this limit, they can't be purchased by Fannie Mae or Freddie Mac, which means lenders take on more risk and apply stricter qualification standards. Expect to need a stronger credit score, larger down payment, and more documentation of income and assets compared to conventional loans.
In Richmond's market, jumbo financing is most commonly needed in high-value neighborhoods like Short Pump, the West End, Windsor Farms, and certain luxury developments in Chesterfield. As home values have risen, more buyers in these areas are entering jumbo territory.
804Mortgage has experience navigating the jumbo market and works with multiple lenders to find competitive rates for well-qualified Richmond buyers. Call us directly to discuss your specific scenario.
These are the Richmond-area markets where purchase prices regularly exceed the $806,500 conforming limit.
Henrico County — luxury communities like Wellesley and Bacova regularly see prices above $800k
City of Richmond — historic and renovated homes in the western neighborhoods
One of Richmond's most prestigious neighborhoods — homes frequently exceed $1M+
Western Henrico County — established luxury market with large custom homes
Chesterfield County — upper-tier developments and custom builds in higher ranges
Throughout the metro — builder pricing on custom homes increasingly enters jumbo territory
Jumbo loans are for a specific situation — here's how they fit into the broader picture.
Jumbo loans require more documentation — but the process is straightforward with the right lender.
Jumbo loans are more nuanced than conforming loans. A quick call lets us assess your situation before you apply and set expectations accurately.
Prepare 2 years of tax returns, recent pay stubs, bank statements showing reserves, and any other income documentation. We'll guide you through exactly what's needed.
Your jumbo pre-approval letter shows sellers you're serious and financially qualified for higher-priced properties.
Jumbo loans may take slightly longer to close than conforming loans. We set realistic timelines and keep you informed every step.
On a $900,000 Short Pump home, the buyer-agent commission is around $27,000. We give you half — $13,500 back at closing to apply to costs or buy down your jumbo rate. The higher the price, the bigger the savings.
See How Bundle & Save Works →Jumbo not the right fit? We have options for every price range.
Call us first. Jumbo loans are more nuanced — a quick conversation lets us assess your situation and give you a realistic picture before you start the formal process.
