Estimate the mortgage amount that best fits your budget.
Current jumbo mortgage rates
How to use our jumbo mortgage rate table
The table above will show you estimated mortgage rates from different lenders, tailored to you. Fill out the fields above as accurately as possible so we can get a sense of where you live, what you’re looking to do and your financial situation. You will get quotes based on that information, and you’ll be on your way to getting a new mortgage. This is an estimate; your actual rate will depend on a number of factors.
What are current jumbo mortgage rates?
The table below brings together a comprehensive national survey of mortgage lenders to help you know what are the most competitive jumbo mortgage rates. This interest rate table is updated daily to give you the most current rates when choosing a jumbo mortgage loan.
How Bankrate mortgage rates are calculated
Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans. The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single-family residence. To learn more, see understanding Bankrate rate averages.
Why trust Bankrate?
Bankrate has been the authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting mortgage rate information from the nation’s largest lenders for more than 30 years. Hundreds of top publications, such as The New York Times, Wall Street Journal, CNBC and others, depend on Bankrate as a trusted source of financial information, so you know you’re getting information you can trust.
Top 5 Bankrate jumbo mortgage lenders
- Ally Bank – Best overall
- CIT Bank – Best bank lender
- First Mortgage Direct – Best no-fee lender
- Better.com – Best online lender
- PNC Bank – Best for refinancing
Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.
Ally Bank – Best overall
Ally Bank is an online bank and lender that offers several benefits for borrowers seeking jumbo loans and other types of mortgages.
Strengths: Ally Bank displays interest rates and APRs on its website, and you’ll be able to get preapproved in as little as three minutes, with the typical closing taking place 10 days faster than the industry average, according to the bank. Notably, Ally allows restricted stock units to count towards jumbo loan reserve requirements.
Weaknesses: The bank doesn’t lend mortgages in 13 states (Alaska, Connecticut, Hawaii, Maryland, Massachusetts, Minnesota, Nevada, New Hampshire, New York, North Carolina, Vermont, Virginia or Wyoming), and if you’re a first-time homebuyer seeking a jumbo loan, you’ll need at least 12 months’ reserves to qualify.
CIT Bank – Best bank lender
CIT Bank, which also does business as OneWest Bank in Southern California, has fixed-rate products ranging from 10- to 30-year terms, as well as adjustable-rate and interest-only loans. The bank also offers jumbo loans up to $2 million.
Strengths: If you’re a banking client, you can get a lower mortgage rate if you deposit a certain portion of the loan principal into your account, and $525 cash back after you close your loan. You can also view interest rates online after inputting some basic information.
Weaknesses: With the exception of OneWest branches, the bank doesn’t have physical locations if you’re seeking in-person assistance.
First Mortgage Direct – Best no-fee lender
First Mortgage Direct, the online division of First Mortgage Solutions, offers both purchase loans and refinancing.
Strengths: First Mortgage Direct has no hidden fees or limited-time offers, and you can receive a personalized rate within seconds through its website. Borrowers are also able to close in 30 days, which is in line with many other lenders’ timelines.
Weaknesses: First Mortgage Direct is available only in 19 states (California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Kansas, Missouri, Nebraska, New Jersey, Oregon, Pennsylvania, South Carolina, North Carolina, Tennessee, Texas, Virginia and Washington).
Better.com – Best online lender
Strengths: With Better, you can get a rate quote in seconds and a preapproval in as little as three minutes. The lender doesn’t charge unnecessary fees, either.
Weaknesses: There aren’t any branch locations, which can be a disadvantage if you’re looking for in-person support from a loan officer.
PNC Bank – Best for refinancing
PNC Bank is a bank offering an array of financial products, from high-yield savings accounts to different types of mortgages.
Strengths: PNC Bank can do jumbo purchase loans and refinances up to $5 million. The bank also offers online preapprovals (these take 20 to 30 minutes to generate) and showcases interest rates on its website. In addition, some clients have access to discounts on mortgage.
Weaknesses: Relationship pricing is only available to PNC Wealth Management and Hawthorn clients who have at least a $500,000 balance, which can be a barrier of entry for some borrowers.
Jumbo mortgage basics
Shopping around for the best jumbo mortgage rates
When getting a jumbo loan (or really any kind of loan), it’s a good idea to shop around. Bankrate is a good starting point. Because a non-conforming loan is usually for such a large amount, getting the best rate can make a big difference in the amount of interest that you pay.
Be sure to check with local financial institutions as well, since sometimes community banks or credit unions can have good rates. It’s also a good idea to work with a mortgage broker who specializes in jumbo loans.
As you solicit quotes from lenders and brokers, make sure you provide information that’s as accurate as possible. Because your credit score is going to be a big determinant of your rate, review your credit report before you start shopping around. If you see errors, have them fixed as soon as possible.
Be prepared to answer questions about your liquid and non-liquid assets, as well as how much you can afford for your down payment. You should also have an accurate idea of your income and your debt levels so you can let potential lenders know your debt-to-income ratio. The more accurate your information, the more accurate your preliminary mortgage rate quote will be.
If you plan to buy a home and need a loan that exceeds the conforming limit set by the FHFA, you need to understand jumbo loans. You’ll probably have a more involved and complicated process to go through to fund your home. However, if you move forward with the right lender, there’s a good chance that you’ll be able to get the home of your dreams — even if you use a non-conforming loan.
Learn more about jumbo mortgages
|Loan Type||Purchase Rates||Refinance Rates|
|The table above links out to loan-specific content to help you learn more about rates by loan type.|
|30-Year Loan||30-Year Mortgage Rates||30-Year Refinance Rates|
|20-Year Loan||20-Year Mortgage Rates||20-Year Refinance Rates|
|15-Year Loan||15-Year Mortgage Rates||15-Year Refinance Rates|
|10-Year Loan||10-Year Mortgage Rates||10-Year Refinance Rates|
|FHA Loan||FHA Mortgage Rates||FHA Refinance Rates|
|30-Year FHA Loan||30-Year FHA Loan Rates||30-Year FHA Refinance Rates|
|VA Loan||VA Mortgage Rates||VA Refinance Rates|
|ARM Loan||ARM Mortgage Rates||ARM Refinance Rates|
|5/1 ARM||5/1 ARM Rates||5/1 Refinance Rates|
|7/1 ARM||7/1 ARM Rates||7/1 Refinance Rates|
|10/1 ARM||10/1 ARM Rates||10/1 Refinance Rates|
|Jumbo Loan||Jumbo Mortgage Rates||Jumbo Refinance Rates|
|30-Year Jumbo Loan||30-Year Jumbo Loan Rates||30-Year Jumbo Refinance Rates|
Mortgage rates in other states
- United States
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- Washington DC
- West Virginia