How We Get Paid

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 Refinance Rates

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How it works

How to find the right mortgage refinance loan for you

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Checking rates won’t affect credit score

  1. Get prequalified rates in 3 minutes:

    It's quick and painless. Tell us a little bit about you and your home to get accurate prequalified rates without impacting your credit score.

  2. Compare rates from multiple lenders:

    View the interest rate and cost breakdown of each loan to choose the best lender and loan product for you. Need help? Our mortgage team is not commissioned, so they're always on your side.

  3. Upload documents on Credible:

    We take the stress out of refinancing by automating the document collection process, keeping you updated on the status of your application every step of the way.

  4. Finish your loan with us:

    With Credible, you can complete the whole refinance process online. We have a team of dedicated mortgage experts ready to help you if you need it.

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What is a jumbo loan?

jumbo loan is a high-value mortgage that is larger than the conforming limits set by the Federal Housing Finance Administration (FHFA).

The FHFA determines the largest loan that can be sold to Fannie Mae or Freddie Mac. If a loan exceeds those limits, it’s considered a jumbo loan and cannot be purchased by Fannie Mae or Freddie Mac. As a result, it can sometimes be a little more challenging to qualify for a jumbo loan.

When to refinance a jumbo loan

The best time to refinance depends on your situation. Refinancing your jumbo mortgage can get you a lower rate, which can save you money on interest in the long run.

In some cases, it might also make sense to refinance to a longer term. Doing this can lead to a smaller monthly payment, which could result in better monthly cash flow. However, you’ll likely pay more in interest with a longer term. So it’s a good idea to always run the numbers to see if refinancing makes sense for you.

Learn More: How to Refinance a Jumbo Loan

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Shopping for Jumbo Refinance Rates

Once you’ve decided refinancing is in your best interest, and you’ve done what you can to improve your credit score and debt-to-income ratio, you’ll want to shop around for rates.

Start by comparing lenders and seeing what jumbo mortgage refinance rates they offer. Credible makes this easy. You can get actual prequalified rates from all of our partner lenders in just a few minutes — and most importantly, it won’t affect your credit.

When comparing jumbo refinance rates, be sure to also factor in closing costs. In some cases, you might end up paying between 2% to 3% of your loan value when you refinance.

Keep Reading: What Is a Mortgage Rate and How Do They Work?

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