Jumbo Loans
Jumbo Loan Rates Today - Above $832,750
Jumbo loans finance amounts above the 2026 Conventional Conforming baseline of $832,750. Rate Direct shows live wholesale jumbo pricing - no personal info required. Note: jumbo loans are excluded from the $2,000 Best Price Guarantee.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
2026 Loan Size Tiers
| Tier | Loan amount | Eligible for $2K guarantee? |
|---|---|---|
| Conforming | Up to $832,750 | Yes |
| High Balance | $832,750-$1,249,125 | No (excluded) |
| Jumbo | Above $1,249,125 | No (excluded) |
Super-Jumbo: Beyond $3M
Many wholesale jumbo desks cap at $3M. Above that the lender pool shifts to specialty and portfolio lenders that hold the loan on balance sheet rather than selling it. We work with that lender set and regularly close super-jumbo loans into the $5M, $10M, and $20M+ range. The right lender depends on the loan size, property type, and the borrower's income and asset picture, not a single rate sheet.
If you are searching for a 10 million dollar mortgage, a jumbo loan over 3 million, or any super-jumbo scenario, send us the basics and we will route it to a desk with appetite for the size and structure.
Asset-based jumbo path
Borrowers with strong liquid net worth but limited reported income often run into walls on standard jumbo underwriting. Asset-qualifying programs let liquid assets serve as the qualifying income, which fits retirees, founders between exits, and buyers with tax-efficient income that does not document well.
Pledged-asset jumbo
Pledged-asset mortgages let you finance up to 100% LTV on a jumbo loan without PMI by pledging securities instead of selling them. The pledged account stays invested and you avoid the capital gains and market-timing hit of a forced sale to fund a down payment. This structure is common in San Francisco, Manhattan, and other markets where buyers have concentrated equity they would rather not liquidate.
Case studies
$4M home in Manhattan
Founder buying a $4M condo in Manhattan with a $3.2M jumbo at 75% LTV. Income was primarily K-1 distributions and unrealized equity, neither of which underwrote cleanly. We placed it on the asset-qualifying path with a portfolio lender, closed in 30 days, and the buyer kept their brokerage account intact.
$8M home in Aspen
Repeat buyer purchasing an $8M Aspen second home with $2M down (25%) and a $6M super-jumbo. Loan amount exceeded most wholesale desks, so we placed it with a portfolio lender that holds super-jumbo on balance sheet. Rate held within a quarter point of the standard jumbo desks for the equivalent profile.
See jumbo context for your market
City-specific guidance for the markets where most jumbo and super-jumbo loans close.
Frequently Asked Questions
What is a jumbo loan?+
A jumbo loan is a mortgage that exceeds the 2026 Conventional Conforming loan limit of $832,750. Jumbo loans are not eligible for sale to Fannie Mae or Freddie Mac, so they are funded by portfolio lenders or sold to private investors. Underwriting is typically tighter than Conventional and pricing varies more by lender.
What is the 2026 jumbo loan threshold?+
Any loan above $832,750 (the 2026 conforming baseline) is technically jumbo. High-cost counties have a higher conforming ceiling of $1,249,125 - between the baseline and ceiling, loans are called "High Balance" and still considered conforming. Jumbo starts above the ceiling.
What credit score do I need for a jumbo loan?+
Most jumbo lenders want 700+ FICO at minimum, with 740+ for best pricing. Some go to 680 with stronger compensating factors. Jumbo is more credit-sensitive than Conventional Conforming.
How much down payment do I need for a jumbo loan?+
10-20% down is standard. Some jumbo programs go to 95% LTV with strong FICOs and reserves. 20%+ down avoids most LTV-related rate hits and may eliminate the need for jumbo PMI (some jumbo programs require it, some do not).
Are jumbo loan rates higher than Conventional?+
Sometimes higher, sometimes lower. Jumbo rates depend on the investor demand for portfolio jumbo paper at the moment. In recent years jumbo has often priced WITHIN 0.125% of Conventional or even below for top borrowers. The pricer above shows live wholesale jumbo pricing.
Is the $2,000 Best Price Guarantee available on jumbo loans?+
No - jumbo loans are explicitly excluded from the Loan Factory $2,000 Best Price Guarantee. The program covers fixed-rate Conventional Conforming, FHA, and VA only. Rate Direct still offers wholesale jumbo pricing and $0 origination on jumbo loans.
Apply for a jumbo loan
Wholesale jumbo pricing, $0 origination. Same-day Loan Estimate with a short application.
Start my applicationJumbo loan rates by state
State-specific jumbo guidance, FHFA 2026 high-cost county limits, and luxury-market context.
California jumbo rates
Los Angeles, San Francisco, San Diego
New York jumbo rates
New York City, Long Island, Westchester
Massachusetts jumbo rates
Boston, Cambridge, Newton
Connecticut jumbo rates
Greenwich, Westport, Darien
New Jersey jumbo rates
Hoboken, Jersey City, Short Hills
Washington jumbo rates
Seattle, Bellevue, Mercer Island
Hawaii jumbo rates
Honolulu, Maui, Kauai
Colorado jumbo rates
Denver, Boulder, Aspen
Washington, DC jumbo rates
Washington, Georgetown, Kalorama
Maryland jumbo rates
Bethesda, Potomac, Chevy Chase
Virginia jumbo rates
Arlington, McLean, Great Falls
Florida jumbo rates
Miami, Palm Beach, Naples
Illinois jumbo rates
Chicago, Winnetka, Lake Forest
Texas jumbo rates
Austin, Houston, Dallas
Oregon jumbo rates
Portland, Lake Oswego, West Linn
North Carolina jumbo rates
Charlotte, Raleigh, Asheville
Georgia jumbo rates
Atlanta, Buckhead, Sandy Springs
Arizona jumbo rates
Scottsdale, Paradise Valley, Phoenix
Nevada jumbo rates
Las Vegas, Henderson, Summerlin
Utah jumbo rates
Park City, Salt Lake City, Deer Valley
High Balance loans
Between conforming and jumbo
2026 loan limits
Full limit lookup
$1M mortgage rates
Live rates & payment