14 Best Mortgage Lenders for Jumbo Loans in 2025
Jumbo loans are for homes with prices that exceed the conforming loan limit. We'll help you find the best jumbo loan lenders.
Last updated on January 2, 2025
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If you're shopping for a mortgage in a high-cost area or buying an especially expensive home, you may be looking for a jumbo loan — one that's too big to fit Fannie Mae's and Freddie Mac's requirements for conforming loans.
If you're in the market for a jumbo mortgage, it's essential to choose a lender with experience dealing with the special requirements of jumbo loans.
NerdWallet has picked some of the best mortgage lenders for borrowers looking for a jumbo loan in a variety of categories so you can quickly determine which one is right for you.
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Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
14 Best Mortgage Lenders for Jumbo Loans in 2025
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | National / regional ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
|---|---|---|---|---|
National | 10.10% | See Offers at Rocket Mortgage, LLC | ||
National | 10% | See Offers at First Federal Bank | ||
 Citibank: NMLS#412915 Compare More Lenders on NerdWallet | National | N/A | Compare More Lenders on NerdWallet | |
 U.S. Bank: NMLS#402761 Compare More Lenders on NerdWallet | National | N/A | Compare More Lenders on NerdWallet | |
National | 20% |
Rocket Mortgage, LLC: Best for first-time home buyers
Min. down payment
10.10%
National / regional
National
Learn more
on Rocket Mortgage, LLC's website
- Why we like itRocket offers a nice variety of jumbo loan types, including FHA, VA and adjustable rate. But despite pioneering the online mortgage space, its online application process isn't fully self-serve.Pros
- Requirements for borrowers are clearly spelled out on the lender's website.
- Average interest rate for jumbo loans is on the lower side, according to the latest federal data.
- Offers Jumbo Smart loan product with streamlined documentation requirements
ConsRead full review- Applying for a loan or preapproval requires talking to a loan officer on the phone.
- Average origination fee for jumbo loans is on the high end, per the latest federal data.
First Federal Bank: Best for government-backed loans
Min. credit score
680
Min. down payment
10%
Learn more
on First Federal Bank's website
- Why we like itThough its overall volume of jumbo lending is lower than some other lenders, First Federal offers nonconforming jumbo loans, and its jumbo mortgage rates are lower than average.Pros
- Jumbo loans are available for credit scores as low as 680.
- Lower than average mortgage rates, according to the latest federal data.
- Offers jumbo loans with down payments below 20%.
ConsRead full review- Mobile app is not geared toward mortgage customers.
- Originated a low proportion of jumbo loans in 2024 compared with other NerdWallet-reviewed lenders.
Citibank: Best for low average mortgage rates
Min. down payment
N/A
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itCiti offers banking customers reductions on already competitive interest rates, and almost 50% of the mortgages it originated in 2023 were jumbo loans.Pros
- Offers closing cost credit and interest rate reductions for current Citibank customers.
- Low average mortgage rates relative to other lenders, according to the latest data.
- Originated the highest percentage of jumbo loans in 2023 of all NerdWallet-reviewed lenders.
ConsRead full review- Must contact the lender in order to get a personalized rate quote.
- Preapproval and mortgage applications require a phone call to complete.
U.S. Bank: Best for overall mortgage experience
Min. credit score
N/A
Min. down payment
N/A
Compare More Lenders
on NerdWallet
- Why we like itU.S. Bank scores well for online convenience and rate transparency, plus it originated a higher proportion of jumbo loans in 2023 than the average reviewed lender.Pros
- Jumbo loans accounted for almost 20% of US Bank's purchase loans in 2023.
- Sample jumbo interest rates for different loan terms are readily available on the lender's website.
ConsRead full review- Does not advertise jumbo down payment requirements below 20%.
- Online rate tool doesn’t allow users to customize by credit score.
Rate: Best for fast preapproval
- Why we like itRate places a heavy emphasis on digital conveniences and offers a range of both fixed- and adjustable-rate jumbo loans, but jumbo loans require a 20% down payment.Pros
- Qualified borrowers could get an underwritten mortgage approval in as little as one day.
- Offers a range of terms for fixed- and adjustable-rate jumbo loans.
ConsRead full review- Originates lower volume of jumbo loans compared to other lenders.
- Requires a down payment of at least 20%.
PNC Bank: Best for jumbo loans overall
Min. down payment
5%
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itPNC does a significant amount of business in jumbo loans and will finance a larger loan amount than many other lenders we review, but access to customer service requires supplying personal information.Pros
- Average jumbo origination fees are on the low side, according to the latest federal data.
- Jumbo loans made up almost 20% of purchase originations in 2023.
- Jumbo financing available for up to $5M.
ConsRead full review- Getting customer service over the phone requires sharing personal data if you don't already have an account.
- In-person service is not available in every state.
- Online rate quotes are only available for loans up to $2.5M.
Flagstar: Best for rate transparency
Min. credit score
700
Min. down payment
10%
Compare More Lenders
on NerdWallet
- Why we like itFlagstar has flexible jumbo lending options that allow for high balances and financing second homes, but you'll likely need to work with a loan officer to hash out the details –– online self service is somewhat limited.Pros
- Offers loan amounts up to $3.5M.
- Jumbo loans are available for second homes and investment properties, not just primary residences.
- Offers jumbo loans with down payments lower than 20%.
ConsRead full review- Custom rates are only available online for loan balances up to $2M.
- Lender app is focused on banking customers, not mortgage borrowers.
Wells Fargo: Best for banking customer discounts
Min. credit score
700
Min. down payment
20%
Compare More Lenders
on NerdWallet
- Why we like itWells Fargo originated more jumbo loans than any other lender in 2023, and current Wells Fargo customers may be able to take advantage of interest rate discounts.Pros
- Borrowers with at least $250,000 worth of assets in Wells Fargo accounts can receive an interest rate discount.
- In 2023, 20% of Wells Fargo purchase loans were jumbo.
- Has underwriters that specialize in jumbo loans.
ConsRead full review- Home lending business is broadly focused on existing bank customers.
- Scandals and government actions in recent years have damaged consumer trust.
- Requires a minimum down payment of 20%.
loanDepot: Best for variety of loan types
Min. credit score
660
Min. down payment
10%
Compare More Lenders
on NerdWallet
- Why we like itLoanDepot touts an efficient online mortgage application process and offers jumbo loans up to $3M with down payments below 20%, but sample rates are not available online.Pros
- Offers financing for jumbo loans up to $3M.
- Digital mortgage application process promises faster than average closing times.
- Allows jumbo down payments that are below 20%.
ConsRead full review- Sample interest rates are not available online.
- Originates lower volume of jumbo loans compared to other lenders.
Truist: Best for traditional lending experience
Min. down payment
10%
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itTruist originates an above-average amount of jumbo loans with a solid variety of loan options, but borrowers will need to contact the lender to compare rates.Pros
- Jumbo loans accounted for 14% of 2023 purchase loans, above average among lenders reviewed by NerdWallet.
- Typical time to close is slightly faster than industry standard.
- Partners with title service and settlement providers.
ConsRead full review- Prospective borrowers need to contact the lender to see personalized rates.
- Customer satisfaction ratings are on the low side.
Pennymac: Best for digital experience
Min. credit score
700
Min. down payment
10.01%
Compare More Lenders
on NerdWallet
- Why we like itPennymac is exceptionally transparent, with easily customized jumbo loan rates and clearly displayed borrower requirements. Though interest rates are on the low side, origination fees may be higher than other lenders', according to the lates federal data.Pros
- Jumbo loan rates are easy to view and customize.
- Average jumbo interest rates are on the lower end, according to the latest federal data.
- Jumbo borrower requirements are clearly displayed on the lender's website.
ConsRead full review- Jumbo origination fees are on the high side, according to the latest federal data.
- Online chat is only available when logged in to the website.
Navy Federal: Best for active military and veterans
Min. down payment
N/A
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itFor borrowers with a military connection, Navy Federal offers exceptionally flexible jumbo lending options and the ability to get a lower interest rate without refinancing.Pros
- Rate drop program allows fixed-rate jumbo borrowers to lower their interest rates for a nominal fee if the lender's rates fall.
- Offers no-down-payment jumbo loans.
- Lower than average jumbo interest rates, according to the latest federal data.
ConsRead full review- Borrowers must become members of the credit union to apply for a mortgage.
- We experienced delays reaching customer service by phone.
Better: Best for fast closings
Min. down payment
10.01%
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itBetter boasts an efficient, digital-first process, plus partner networks that provide homebuying services, but sample rates are not available to compare online.Pros
- Apply, lock your rate and get a commitment letter in as little as one day.
- Offers services and partnerships to streamline homebuying process.
- Closes loans efficiently.
ConsRead full review- Must provide contact info to view customized rates.
- No mobile app.
- Customer service only available over the phone.
Network Capital: Best for borrowers with weaker credit
Min. credit score
640
Min. down payment
10%
Compare More Lenders
on NerdWallet
- Why we like itNetwork Capital claims a speedy time to close, but you'll have to reach out to the lender to get information about their jumbo loan offerings.Pros
- Time to close is typically 20 days, well below industry averages.
- Allows for jumbo loan down payments that are below 20%.
- Slightly lower than average jumbo interest rates, according to the latest federal data.
ConsRead full review- You'll need to get in touch with the lender to answer most questions, as its website does not offer information on jumbo loans.
- Sample rates for jumbo loans are not available on its site.
- Jumbo origination fees are higher than industry average, according to the latest data.
Understanding jumbo loan limits
Jumbos are examples of nonconforming loans — conventional mortgages that exceed the loan limits set by the Federal Housing Finance Agency or fall outside underwriting guidelines established by Fannie Mae and Freddie Mac.
Loan limits for conforming loans vary; they are highest in the country’s most expensive areas. In 2025, the limits for conforming loans are:
$806,500 for a single-family home in most areas of the U.S.
Up to $1,209,750 for high-cost areas, such as San Francisco or Virginia’s Arlington County.
Borrowers seeking mortgages above those amounts will need to consider jumbo loans.
More from NerdWallet
Last updated on January 2, 2025
Methodology
The star ratings on this page reflect each lender's performance in NerdWallet’s jumbo loans category. We scored the category and chose lenders for this page using the following methodology:
NerdWallet reviewed more than 40 mortgage lenders, including the majority of the largest U.S. mortgage lenders by annual loan volume (measured among lenders with at least a 1% market share), lenders with significant online search volume and those that specialize in serving various audiences across the country.
All reviewed mortgage lenders that offer jumbo loans were evaluated based on (1) the portion of their business dedicated to jumbo loans, (2) the minimum down payment allowed, (3) average jumbo interest rates, (4) average jumbo origination fees, (5) the range of jumbo loan types offered, (6) their rate transparency, and (7) the ease of their online application. The highest scoring lenders appear on this page.
NerdWallet solicits information from reviewed lenders on a recurring basis throughout the year. All lender-provided information is verified through lender websites and interviews. We also utilized 2023 HMDA data for origination volume, origination fee, average interest rate and share-of-product data.
NerdWallet's Best Mortgage Lenders for Jumbo Loans in 2025
- Rocket Mortgage, LLC: Best for first-time home buyers
- First Federal Bank: Best for government-backed loans
- Citibank: Best for low average mortgage rates
- U.S. Bank: Best for overall mortgage experience
- Rate: Best for fast preapproval
- PNC Bank: Best for jumbo loans overall
- Flagstar: Best for rate transparency
- Wells Fargo: Best for banking customer discounts
- loanDepot: Best for variety of loan types
- Truist: Best for traditional lending experience
- Pennymac: Best for digital experience
- Navy Federal: Best for active military and veterans
- Better: Best for fast closings
- Network Capital: Best for borrowers with weaker credit
