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 2025.
Best mortgage lenders for jumbo loans
| Lender | Credit requirements | Down payment minimum | Bankrate score |
|---|---|---|---|
| Chase | 620 for conventional loans, 680 for jumbo loans, 640 for FHA and VA loans | 3% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.9 |
| Veterans United Home Loans | 620 for conventional loans, 620 for VA loans | 3% for conventional loans, 3.5% for FHA loans, none for VA and USDA loans | 4.9 |
| Bank of America | 620 for conventional loans | 3% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.8 |
| Better | 620 for conventional loans, 580 for FHA loans, 620 for VA loans | 3% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.8 |
| Navy Federal Credit Union | Undisclosed | 3% for conventional loans, none for VA loans | 4.8 |
| PenFed Credit Union | 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans | 3% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.8 |
| PNC Bank | 620 for conventional loans, 620 for jumbo loans, 620 for FHA loans, 640 for USDA loans | 3% for conventional loans, 3.5% for FHA loans, none for VA loans or USDA loans | 4.8 |
| SoFi | 620 for conventional loans, 600 for FHA loans, 600 for VA loans | 3%-5% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.8 |
| U.S. Bank | 620 for conventional loans, 640 for most FHA loans, 740 for most jumbo loans (will approve some borrowers with scores as low as 660) | 3% for conventional loans, 3.5% for FHA loans, none for VA loans | 4.8 |
| Wells Fargo | 620 for conventional loans | 3% for conventional loans, 3.5% for FHA loans, none for VA and USDA loans | 4.8 |
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing and more
- Credit requirements: 620 for conventional loans, 680 for jumbo loans, 640 for FHA loans, 640 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
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Pros
- Available to borrowers in all states, with 4,700 branch locations
- Existing Chase customers might receive rate discount
- $5,000 closing guarantee
Cons
- Bank might not be a fit for borrowers with unique credit or financial circumstances
- Branches not located in all states
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
- Credit requirements: 620 for conventional loans, 620 for VA 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
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Pros
- Specializes in VA loans
- 24/7 customer service over the phone
- Lower rates than the national average
Cons
- No HELOCs or home equity loans
- Limited number of branches
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- 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
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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
- Does not offer USDA loans
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing and more
- Credit requirements: 620 for conventional loans, 580 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: Online
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Pros
- Mostly online, with real-time online rates, three-minute preapprovals and hybrid closings
- One Day Mortgage with approval in 24 hours for eligible borrowers
- Price Guarantee matches or beats competitor offers
Cons
- Branch locations in just 10 states
- No USDA loans
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, VA, refinancing
- Credit requirements: Undisclosed
- Down payment minimum: 3% for conventional loans, none for VA loans
- Where to find: Branch locations and online
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Pros
- Allows up to two rate relocks
- Provides rate-match guarantee or pays $1,000
Cons
- Membership required
- No FHA or USDA loans
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Credit requirements: 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans
- Down payment minimum: 3% for conventional loans, 3.5% for FHA loans, none for VA loans
- Where to find: Branch locations and online
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Pros
- Competitive rates
- Convenience of managing banking and mortgage with one provider
Cons
- No ability to customize rates online
- Higher minimum credit score requirements
- No USDA loans
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, USDA, VA, refinancing
- Credit requirements: 620 for conventional loans, 620 for jumbo loans, 620 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
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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 servicing
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- Availability: All U.S. states except Hawaii (no refinances in New York)
- Loans offered: Conventional, jumbo, FHA, VA, refinancing
- Credit requirements: 620 for conventional loans, 600 for FHA loans, 600 for VA loans
- Down payment minimum: 3%-5% for conventional loans, 3.5% for FHA loans, none for VA loans
- Where to find: Online
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Pros
- Close on time or receive up to $10,000 to cover additional costs
- Option for up to $9,500 rebate if you work with a SoFi partner real estate agent
Cons
- Doesn’t offer USDA loans
- No branch locations (everything happens online or in the app)
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- 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 scores 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
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Pros
- Provides lender credit worth up to $1,000 for qualifying banking customers
- Displays rates online
- Offers new construction loans
Cons
- Tougher borrower requirements for FHA loans (640 credit score in most cases)
- No USDA loans
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- Availability: All U.S. states
- Loans offered: Conventional, jumbo, FHA, VA, USDA, refinancing
- 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
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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
Cons
- Dialed back its mortgage offerings
- No longer offers home equity lines of credit (HELOCs)
- Below-average customer satisfaction scores and negative past customer reviews
How to find the best jumbo loan lender for you
Before you start comparing mortgage lenders, it’s important to make sure your finances and credit file are in good standing. Regardless of what lenders have to offer, you’ll get the best loan terms if your credit score is high, your DTI ratio is low and you have a large down payment. Jumbo lenders might also ask to see a substantial amount of cash reserves before lending you money.
As you shop around, get prequalified or preapproved with at least three jumbo loan lenders. You might even consider working with a mortgage broker who can help you with this process.
With the rates and closing costs laid out side by side, you’ll be able to choose the best lender based on what they have to offer. You might also be able to use this information to negotiate with lenders to cut their rates or costs.
Take your time with this process, because even a small decrease in your interest rate could save you tens of thousands of dollars, especially when you’re borrowing such a large sum of money.
Learn more: Compare jumbo loan mortgage rates
What is a jumbo loan?
A jumbo loan is a mortgage for an amount that exceeds the limits set by the Federal Housing Finance Agency on behalf of Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy most U.S. home loans and package them for investors. For 2025, the limit for conforming loans in much of the country is $806,500. However, the loan limits are higher (up to $1,209,750) in more expensive areas. If you’ll need to borrow more than those amounts, you’ll have to shop around for a jumbo loan.
FAQ about jumbo loans
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Many jumbo loans are conventional loans. A conventional loan is simply a mortgage that’s not guaranteed or insured by the government. However, conventional loans can be either conforming or non-conforming, which is where the difference lies for jumbo loans. A jumbo loan is a type of non-conforming loan.
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Because you’re borrowing an amount that’s greater than what’s acceptable for a conforming loan, jumbo loans typically have stricter eligibility requirements, such as a higher minimum credit score and bigger minimum down payment.
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To determine the best mortgage lenders overall, Bankrate periodically evaluates more than 75 lenders for factors relating to affordability, availability and borrower experience, assigning each a Bankrate Score out of five stars. The best mortgage lenders overall generally have a Bankrate Score of 4.8 stars or higher. Learn more about our methodology.
Read the full article here
