Jumbo Loans, also known as non-conforming mortgages, are for homes exceeding the value of Conventional Loans as established by the FHFA. (While these values can vary by state or even county, the current conforming loan limit for one-unit homes in Hawaii is $1,089,300 ). Predominantly used to finance homes in highly competitive real estate markets or luxury homes, Jumbo Loans are usually available with a fixed interest rate or an adjustable rate.