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If you’re looking to buy a home, choosing the right mortgage lender can save you money. That’s especially true if you’re planning on taking out a larger jumbo loan. To help you in your search, here is our guide to the best jumbo mortgage lenders in 2026.
Chase earned a high Bankrate score for availability and overall customer experience. The national bank stands out for its wide range of loan offerings, large branch network and potential rate discounts for existing customers. This combination of accessibility and jumbo loan flexibility makes it a reliable option for high-balance borrowers.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, VA, refinancing and more
Credit requirements: 620 for conventional loans, 680 for jumbo loans, 620 for FHA loans, 620 for VA loans
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans
Where to find: Branch locations and online
Pros
Available to borrowers in all states, with 4,700 branch locations
PNC’s high Bankrate Score is partly due to its wide availability and product variety, which may make it a good option for jumbo borrowers seeking flexibility. The lender stands out for its streamlined online application that can be tracked from start to finish. This digital convenience helps simplify the jumbo loan process.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, USDA, VA, refinancing
Credit requirements: 620 for conventional loans, 620 for jumbo loans, 600 for FHA loans, 640 for USDA loans
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans or USDA loans
Where to find: Branch locations and online
Pros
Online and in-person options to apply
Application can be tracked online
Wide availability with many loan options
Cons
Higher credit minimum on FHA loans
Limited mobile app functionality
Below-average J.D. Power rating for mortgage origination
Wells Fargo has a large branch network and displays rates transparently online, making it easier to compare loan options before applying. Highly qualified borrowers may be eligible to receive a PriorityBuyer preapproval letter upon application. The company offers underwriting support to borrowers with non-standard income documentation, such as small business owners.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing and more
Credit requirements: 620 for conventional loans
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans
Where to find: Branch locations and online
Pros
Displays mortgage rates online
Massive branch network
Will consider non-traditional credit references in application process
Offers low-down payment options to assist lower-income borrowers
Alliant Credit Union may be a compelling choice for jumbo mortgage borrowers looking for competitive pricing and superior customer service. It features an award-winning digital platform and programs, including the Alliant Advantage Mortgage, which offers low- or zero-down-payment options to qualified buyers.
Availability: All U.S. states except Maryland
Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
Credit requirements: 620 for conventional loans
Down payment minimum: 3% for conventional loans
Where to find: Branch locations and online
Pros
Easy-to-use website with breakdown of customized rates
Low- and no-down payment options, plus a no-PMI product
Up to $9,500 back through the Alliant Home Rewards program
Tiered rate-locks: up to 365 days for construction loans and up to 90 days for refinance and purchase loans
Bank of America scores well in Bankrate’s lender reviews for availability and borrower experience. It offers several grant programs that can help qualified buyers cover down payment and closing costs, as well as relationship discounts for Preferred Rewards customers. The bank earned a second-place ranking in J.D. Power’s 2025 Customer Satisfaction survey, indicating it is responsive to customer needs.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, VA, refinancing and more
Credit requirements: 620 for conventional loans
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans
Where to find: Branch locations and online
Pros
Offers grant programs to help low- and moderate-income buyers
Displays rates online
Awards discounts for Preferred Rewards customers
Cons
Has limited transparency around borrower requirements
Watermark earned its place on our jumbo lender list for delivering strong jumbo options with flexible qualification standards in an online environment. It scores well on affordability and availability, and its fully digital application process and remote online notary services provide a streamlined customer experience.
Availability: All U.S. states except Alaska, Missouri, New York, Rhode Island and Vermont, plus Washington, D.C.
Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing and more
Credit requirements: 620 for conventional loans, 680 for jumbo loans, 580 for FHA and VA loans, 620 for USDA loans
Down payment minimum: 3% for conventional loans, 10% for jumbo loans, 3.5% for FHA loans, none for VA and USDA loans
Pros
Free rate watch notifications
Numerous government-backed and non-QM loan options
Offers e-closings and remote notarizations
Cons
Very minimal website, especially for an online-only lender
Citibank, the third-largest bank in the U.S., has more than 650 branches and provides a wide range of mortgage options. The bank stands out for its competitive jumbo offerings and relationship benefits tied to its broader banking services. High-balance borrowers are likely to find flexibility and pricing rewards. The bank has strong customer satisfaction ratings, ranking at the top of J.D. Power’s 2025 mortgage origination satisfaction study.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, VA, refinancing
Credit requirements: 620 for conventional loans, 680 for jumbo loans, 620 for FHA loans, 620 for VA loans
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans
Where to find: Branch locations and online
Pros
Low-down payment loan options
New and existing account holders eligible for discounts
Bankrate scores U.S. Bank highly for availability and borrower experience. The lender offers a standard suite of mortgage products, including both fixed-rate and adjustable-rate jumbo options. It has a robust brick-and-mortar presence in 26 states and sells mortgages online nationwide. It may be an especially appealing option for those with bank accounts with the institution, as it may offer discounts and other perks.
Availability: All U.S. states
Loans offered: Conventional, jumbo, FHA, VA, refinancing
Credit requirements: 620 for conventional loans, 640 for most FHA loans, 740 for most jumbo loans (will approve some borrowers with a score as low as 660)
Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans
Where to find: Branch locations and online
Pros
Provides lender credit worth up to $1,000 for qualifying banking customers
Displays rates online
Offers assistance programs for eligible low-income buyers
Cons
Credit score requirements are higher than some competitors’
No USDA loans
How to find the best jumbo loan lender for you
Because jumbo loans involve larger amounts of money and stricter qualifications, choosing the right lender can have a big impact on your overall borrowing experience. Generally, you’ll qualify for the best rates if you have a high credit score and a low debt-to-income ratio. A larger down payment is also generally required.
It’s a good idea to get prequalified or preapproved with several potential lenders and compare the rates they offer. A mortgage broker can help make sense of the process and guide you to the best option for your situation.
Consider customer experience, too. Industry organizations such as J.D. Power and online reviews can help lead you to companies that have a good reputation for customer satisfaction. Strong digital tools, clear communication and responsive loan officers can all help make your application process go smoothly.
Some banks may offer rate discounts or fee reductions, especially for existing customers who maintain qualifying deposit or investment balances. If you already bank with a lender, it’s a good idea to see what they can offer you in the way of perks or discounts.
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Because these loans are larger than what government-sponsored enterprises like Fannie Mae and Freddie Mac will purchase, lenders typically have stricter application standards.
The conforming loan limit for 2026 is $832,750 in most of the country. Regions that are known for high-cost housing, however, may have higher loan limits.
In general, to qualify for a jumbo loan, borrowers will need:
Higher credit scores than for conventional loans
Larger down payments, often 10% or more
Lower debt-to-income ratios
Additional cash reserves
Jumbo loans may be fixed- or adjustable-rate, though not all lenders offer both types.
Frequently asked questions
Many jumbo loans are conventional loans. “Conventional” simply means that the mortgage isn’t backed by the government. However, conventional loans can be either conforming or non-conforming.
The difference there comes down to loan size: conforming loans are those within federal loan limits, while jumbo loans exceed those limits, making them a type of non-conforming mortgage loan.
Because jumbo loans exceed conforming loan limits, lenders usually set stricter qualification standards. These may include a higher credit score, larger down payment and stronger overall finances compared to what is required for conventional conforming loans.
To identify the best lenders for jumbo mortgages, Bankrate analyzed Home Mortgage Disclosure Act (HMDA) data to determine the amount of lenders’ mortgage volume that was made up of jumbo mortgages in 2024, the most recent year for which data is available. At least 5% of a lender’s mortgages must have been refinances for consideration. Lenders must report to HMDA directly, not through a parent company, to qualify for inclusion.
We then considered each lender’s Bankrate score. Bankrate surveyed 75 lenders nationwide and scored each based on its self-reported data and research by Bankrate staff. We assigned scores based on a lender’s affordability, availability and borrower experience, giving equal weight to each category. Lenders that received a Bankrate Score of 4.5 out of 5 or higher appear on this page.
To receive a top score from Bankrate, lenders must offer mortgage rates lower than Bankrate’s tracked averages, and they generally also offer low-down-payment loan options and assistance for first-time homebuyers. In addition, lenders are usually licensed in more than 30 U.S. states, offer conventional and government-backed loans and typically provide at least one product for borrowers with credit scores of 620 or lower. Finally, our top-scoring lenders tend to make it easy for borrowers to compare rates and manage much of the loan process online, and they offer multiple options for customer support and generous rate-lock periods. Bankrate’s evaluations are independent and are not influenced by lender partnerships or advertising relationships. Read more about how Bankrate scores are determined here.
Some lenders may appear as honorable mentions, despite earning a Bankrate score of 4.5 or higher, due to eligibility restrictions or limited availability (15 or fewer states).
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Ostrowski, J., & Van Keuren, M. (2026, February 10). Best jumbo mortgage lenders in 2026. Bankrate. Retrieved March 02, 2026, from https://www.bankrate.com/mortgages/best-lenders/jumbo-mortgage-lenders/
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Ostrowski, Jeff & Mary Van Keuren. "Best jumbo mortgage lenders in 2026." Bankrate. 10 February 2026, https://www.bankrate.com/mortgages/best-lenders/jumbo-mortgage-lenders/.
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Ostrowski, Jeff & Mary Van Keuren. "Best jumbo mortgage lenders in 2026." Bankrate. February 10, 2026. https://www.bankrate.com/mortgages/best-lenders/jumbo-mortgage-lenders/.
