30-yr fixed6.75%+0.0315-yr fixed6.05%+0.00FHA 30-yr6.55%+0.08VA 30-yr6.38%+0.08Jumbo 30-yr6.82%+0.11Updated September 1, 2026
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Loan type

Jumbo loans

A jumbo loan is any mortgage above the conforming limit that Fannie Mae and Freddie Mac will buy. Lenders keep these loans or sell them privately, so rules and pricing vary more.

Estimate a jumbo payment

Who this is for

  • Buyers in high-cost markets or of higher-priced homes
  • Borrowers with strong credit, usually 700 or higher
  • Buyers with 10% to 20% or more to put down and cash reserves after closing

How it works, step by step

  1. Find this year's conforming limit for your county. Above it, you are in jumbo territory.
  2. Expect a fuller documentation review and often two appraisals on large loans.
  3. Compare jumbo lenders directly; banks and credit unions can beat the big online lenders here.
  4. Ask about relationship pricing if you move deposits or investments to the lender.

Pros

  • Finance a home above the conforming limit in one loan
  • Jumbo rates are sometimes at or below conforming for the best borrowers
  • No mortgage insurance at many lenders even under 20% down

Cons

  • Stricter credit, reserve and documentation requirements
  • Pricing varies widely between lenders
  • Fewer refinance options later if the market tightens