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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.

Jumbo Loan Rates

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Today’s Featured Rates

General Information and Rate Disclosures:

The listings that appear on this page are from companies that pay Credible compensation. This table does not include all companies or all available products. Displayed information is valid as of Jul 28, 2021 and assumes a customer with a 740 credit score borrowing a conventional loan for a single-family, primary residence, at or near zero discount points, and a 80% loan-to-home-value ratio. The IP address of the customer accessing this page has been used to determine which U.S state should be used for pricing. In states where Credible does not have a license to operate, we are providing information about rates available in a nearby state. If you are viewing this page from an IP address in one of the states where Credible is not licensed, the rates displayed above are for consumers located in the neighbouring state shown below:

IP state without license - Assumed location

Nevada - Idaho

New York - New Jersey

Utah - Colorado

Washington - Oregon

Rates, payments, and all information displayed are for informational purposes only and are subject to change without notice. This is not a credit decision or commitment to lend. Mortgage rates and terms you may qualify for depend on your individual financial circumstances.

Payment Disclosures:

All monthly payment amounts above assume on time monthly payments each month for the full duration of the loan term (e.g. 360 monthly payments for a 30 year loan). Displayed monthly payment amounts do not include amounts for property taxes and hazard insurance. Your actual monthly payment obligation will be higher. Amounts for borrower-paid mortgage insurance premiums are included in the monthly payment if (1) the loan amount is below the “conforming thresholds” set by Fannie Mae and Freddie Mac, and (2) the loan-to-home-value ratio is greater than 80%; mortgage insurance premiums are excluded from the monthly payment if either the loan amount is above the conforming thresholds or the loan-to-home-value ratio is less than or equal to 80%. Your actual payment obligation may be higher. “Conforming thresholds” depend on the county where the property is located.

Fees Disclosures:

The fee amounts shown above include estimates of loan costs and closing costs you may pay in connection with a mortgage transaction with the assumptions above. This includes fees the lender charges, including points and underwriting fees, and third party services the lender does not let you shop for such as a flood certification fee. It does not include title charges, recording costs, prepaids, initial escrow deposit, and other fees.

Displayed rates are available through Credible Operations, Inc., NMLS #1681276

Last updated on Jul 28, 2021. These rates are based on the assumptions shown here. Actual rates may vary.

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What is a jumbo mortgage?

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?

How to qualify for a jumbo loan

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.

How to shop for a jumbo loan

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.

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