We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. We are a wholesale broker, meaning we have access to rates our mortgage lenders offer solely to brokers they work with. Generally, our lenders pay us and incorporate the cost of our services as part of the final interest rate on your loan, or in your loan amount. This is common practice in mortgage transactions where you choose for the lender to pay your broker’s fee upfront. If you would prefer to minimize your rate, you may opt to buy "points" to decrease your rate, or pay our broker compensation yourself. Please talk to one of our licensed loan officers to explore your options.
See current mortgage rates from some of the top lenders. Compare rates and product features instantly.
How it works
Checking rates won’t affect credit score
With Credible, it only takes 3 minutes to see if you qualify for an instant streamlined pre-approval letter and personalized rates, without affecting your credit score.
Compare lenders and choose rate:
Homebuyers can compare current mortgage rates and loan features from multiple lenders to choose your home loan. Our team of licensed mortgage loan officers is available to answer any questions.
Submit your documents:
Credible's automated document collection process takes the stress out of applying for a mortgage. You’ll find it’s easy to track your loan all the way through closing.
Finish your loan with us:
With Credible, you can complete the whole mortgage process online. We have a team of dedicated mortgage experts ready to help you if you need it.
A jumbo mortgage is one that is larger than the conforming loan rates set by the Federal Housing Finance Administration (FHFA). A conforming loan is one that can be purchased by Fannie Mae or Freddie Mac, so a jumbo loan is one that’s too large to meet this requirement.
Every year, the FHFA announces the conforming loan limit. Anything above that amount is considered a jumbo loan. For 2021, the conforming limit for most homes in the country is $548,250 However, in places where home prices are generally higher, the limit is higher. For example, in Hawaii and Alaska, the conforming loan limit is $822,375.
As with most other mortgages, it’s important to shop around for jumbo mortgage rates that fit your needs and reflect your situation.
Learn More: What Is a Mortgage Rate and How Do They Work?
To qualify for a jumbo loan, you generally need a credit score of at least 700 and a down payment of 10% to 30%.
Additionally, lenders also weigh other factors, such as debt-to-income (DTI) ratio, employment history, and cash reserves. Some lenders require you to have between six to 12 months of payments available to qualify for the best jumbo rates.
Make sure to shop around for jumbo mortgages and compare the interest rates, terms, and requirements of each mortgage lender.
When shopping for a jumbo loan, you might end up with a higher mortgage rate or encounter stricter requirements. But you can use Credible to help you compare options and get personalized prequalified rates that are right for you.
Getting pre-approved for a mortgage
Getting preapproved for a mortgage is a great first step in the homebuying process. Here’s what you need to know about qualifying for a pre-approval and the benefits of getting one.
How to buy a house
There are a lot more steps in the homebuying process than you might think. Review our checklist of steps to buying a house so you don’t forget anything along the way.
First time home buyer tips
From not saving enough for a down payment to skipping pre-approval, don’t fall victim to these first-time homebuyer mistakes. Here’s how you can avoid them.
How to qualify for the best mortgage rate
You really have to do your research if you want to get the best mortgage rate. Here’s how to find the best rate for your situation.
Ready to take the next step? Takes less than 3 minutes.