Compare current jumbo mortgage rates

Written by

Andrew Dehan,

Edited by

Katie Lowery,

Reviewed by

Thomas Brock, CFA, CPA,

Expert verified

Updated on Jun 01, 2026

On Monday, June 01, 2026, the national average 30-year fixed jumbo mortgage APR is 6.73%. The average 15-year fixed jumbo mortgage APR is 6.18%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

On This Page

Weekly national mortgage interest rate trends

Current mortgage rates

	15 year fixed jumbo	6.12%
	30 year fixed jumbo	6.72%

Today's national jumbo mortgage interest rate trends

As of Monday, June 1, 2026, the national average 30-year fixed jumbo mortgage interest rate is 6.69%, down compared to last week’s of 6.73%. The national average 30-year fixed jumbo refinance interest rate is 6.79%, flat compared to last week’s of 6.79%.

Whether you're buying or refinancing, Bankrate often has offers well below the national average to help you finance your home for less. Compare rates here, then enter your ZIP code and click “Find my rates” to get personalized quotes. By comparing mortgage rates, especially in today's elevated rate environment, you can find the best deal to save you money over the life of your mortgage.

We’ve determined the national averages for mortgage and refinance interest rates from our most recent survey of the nation’s largest mortgage lenders. Our own mortgage and refinance interest rates are calculated at the close of the business day, and include annual percentage rates and/or annual percentage yields. The interest rate averages tend to be volatile, and are intended to help consumers identify day-to-day movement.

Current jumbo mortgage rates

A jumbo loan is a mortgage for an amount that exceeds the conforming loan limit in the area where you’re purchasing a home or refinancing your loan. You might need a jumbo loan if you're buying a larger home or simply buying in an expensive area. A jumbo loan can be used to buy a primary home, an investment property or a vacation home.

Because jumbo loans are for larger amounts, they generally require higher credit scores and down payments than traditional conforming loans. Maximum loan size and qualifying guidelines vary by location and lender.

How do jumbo loans compare to other mortgage types?

Historically, jumbo loan rates have been lower than conforming mortgage rates. However, that has changed post-pandemic, and these days, you’ll often receive a higher mortgage rate on a jumbo loan.

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.69%	6.73%
15-Year Fixed Rate Jumbo	6.11%	6.18%
30-Year Fixed Rate	6.56%	6.63%
15-Year Fixed Rate	5.92%	6.02%
30-Year Fixed Rate FHA	6.39%	6.44%
30-Year Fixed Rate VA	6.51%	6.56%
3/1 ARM Rate	5.70%	6.32%
7/1 ARM Rate	6.07%	6.30%

Rates as of Monday, June 01, 2026 at 6:30 AM

Product	Interest Rate	APR
30-Year Fixed Rate Jumbo	6.79%	6.84%
15-Year Fixed Rate Jumbo	6.30%	6.38%
30-Year Fixed Rate	6.72%	6.79%
15-Year Fixed Rate	6.09%	6.17%
30-Year Fixed Rate FHA	6.65%	6.69%
30-Year Fixed Rate VA	6.51%	6.55%

Rates as of Monday, June 01, 2026 at 6:30 AM

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Jumbo loan qualifications and requirements

A jumbo mortgage is a mortgage for an amount that exceeds the Federal Housing Finance Agency’s current conforming loan limits, meaning it cannot be purchased or guaranteed by Fannie Mae or Freddie Mac. For borrowers in much of the U.S. in 2026, the limit for single-family homes is $832,750 or up to $1,249,125 in high-cost areas, such as Alaska, Hawaii, San Francisco and New York City.

Jumbo loan qualifications

Jumbo guidelines don't just apply to primary residences — they also cover multi-family homes, vacation properties and real estate investments. If your loan amount exceeds the conforming threshold for your property type, you automatically enter jumbo territory. This means you’ll face stricter underwriting standards, but it also gives you the financial backing to buy high-priced properties without draining your own cash reserves.

Property type	Standard market limit	High-cost market limit
One unit (single family)	$832,750	$1,249,125
Two units (duplex)	$1,006,250	$1,599,375
Three units (triplex)	$1,288,800	$1,933,200
Four units	$1,601,750	$2,402,625

Jumbo loan requirements

Since jumbo loans carry a higher degree of risk, lenders enforce more stringent loan eligibility requirements. Generally, to qualify for a jumbo loan, borrowers need:

Credit score: 700 or higher
Debt-to-income (DTI) ratio: 43% or lower
Down payment: 10% to 15% or more
Cash reserves: Six to 12 months’ worth of mortgage payments in savings

Jumbo requirements scale up based on how you intend to use the property. For instance, lenders view investment properties as higher risk than primary or secondary homes, which means you will likely need a larger down payment to close the deal.

Can I get a jumbo loan if I’m self-employed or own a small business?

If you’re a business owner or self-employed, expect intense underwriting scrutiny. Because your monthly revenue fluctuates, lenders look closely at your historical income stability. To prove your cash flow is reliable, you may need to provide additional documentation, including two years of personal and business tax returns, year-to-date profit and loss statements or proof of deep liquid reserves.

Should you get a jumbo mortgage?

A jumbo loan might be a good fit for you if:

You’re buying a home whose price exceeds conforming loan limits.
You have a high credit score. Lenders typically have stricter credit requirements for jumbo loans.
You have plenty of cash to spare. Lenders generally require at least 10% down — which can be a substantial amount on a large loan — and a large cushion in savings.

Can I use a piggyback loan to avoid a jumbo mortgage?

If your home purchase pushes you just over conforming loan limits, you can deploy a piggyback strategy to avoid the strict underwriting, high cash reserves and documentation demands of a jumbo mortgage.

Here’s how you could split the financing:

First mortgage (80%): A standard conventional loan kept safely below local conforming limits.
Second mortgage (10%): A simultaneous home equity loan or HELOC that acts as a second mortgage.
Down payment (10%): Your cash contribution at closing.

By using the piggyback strategy as a workaround, you can bypass jumbo loan qualifications, eliminate monthly private mortgage insurance (PMI) and make only a 10% down payment. However, you may end up paying two sets of closing costs, and your second mortgage rate is likely to be much higher than your primary rate.

Ask the Experts

What do the experts say?

Mark Hamrick

Washington Bureau Chief, Senior Economic Analyst

While jumbo loans used to come with a clear “big loan” premium, that’s no longer a given. Today, jumbo rates often move in step with, and sometimes even come in below, conforming rates. One reason is that many banks see jumbo borrowers as attractive, long-term clients and may price these loans competitively to win the relationship. In other words, there isn’t always a built-in penalty for crossing the jumbo threshold — your rate typically depends more on your credit profile, your down payment and the individual lender’s appetite at the time.

Jeff Ostrowski

Writer and Housing Market Analyst

Before the pandemic, jumbo mortgages had higher rates than conventional loans. Now, jumbo loans carry rates that are about equal to conventional mortgages. The catch is that the requirements for down payment and credit score can be stricter.

Before you decide, weigh these upsides and downsides.

Pros of jumbo loans

Attractive interest rates: Jumbo rates on the market today are relatively close to conforming loan rates. That means you won't pay too much of a penalty to take out a larger loan.
Potentially more flexible terms: Many lenders keep jumbo loans rather than selling them. That allows for more leeway in the loan details — you might need to put down only 10%, for instance.
Benefits for returning customers: Banks are major players in the jumbo market and often offer private banking perks to jumbo borrowers.

Cons of jumbo loans

Strict underwriting standards: Lenders impose more rigorous underwriting guidelines for jumbo loans around down payment, credit score, cash reserves and DTI ratio.
Somewhat limited availability: Not all lenders offer jumbo loans, so they may be harder to find.

How to get a jumbo mortgage

Borrowers might have to jump through a few extra hoops to get a jumbo mortgage than they would for a conforming one. Here are the key steps to getting this type of loan:

Make sure you qualify: You’ll need to clear three hurdles to qualify for a jumbo loan with the most favorable terms: a low DTI ratio, a stellar credit score and hefty reserves. You might need as much as 12 months’ worth of mortgage payments in the bank, in addition to sufficient funds to cover closing costs.
Gather documentation: As with any loan, lenders will need to see proof of your income, credit history and assets.
Shop around: Finding the best deal on a jumbo loan might take a bit more effort. Broaden your search to include all sorts of lenders, and don’t forget to include mortgage brokers. Bankrate lists the leading lenders in every state; be sure to read not just our take, but also the customer comments featured in most lender reviews.
Expect extra scrutiny: Jumbo lenders are taking a bigger risk by loaning you a greater amount of money, so they might spend more time examining your income, verifying your cash reserves and generally vetting your finances. The underwriting process may well take longer.

Frequently asked questions

As with other types of mortgages, jumbo lenders will evaluate factors such as your credit score, payment history, savings and income to determine your risk as a borrower. Your interest rate will be lower if you are perceived as more likely to repay the loan. While you can control your qualifying factors, you can’t control the other factors that determine your interest rate. For example, mortgage bond investors will raise rates during periods of inflation because inflation reduces the real value of a mortgage’s fixed payments over time.

Because jumbo loans are bigger mortgages, getting the best rate can make a huge difference in your all-in cost. Rates can be volatile, so you might consider a rate lock if you find a competitive option.
While many lenders offer jumbo loans with just 10% down, making a 20% down payment is a better financial strategy. The larger upfront investment reduces the lender’s risk, granting you access to better rates and easier approval odds. Plus, avoiding PMI could save you thousands of dollars over the life of the loan.

Additional resources on jumbo mortgages

Meet our Bankrate experts