Best Jumbo Mortgage Lenders • Refi + Purchase

Ready to find the best jumbo loan for your needs? Our guide to the best mortgage companies that offer jumbo loans will make it a little easier to move into the home of your dreams. 

If you’re looking for a jumbo loan – one that doesn’t conform to Freddie Mac or Fannie Mae standards – it’s time to take a closer look at individual lenders. Let’s take a look at some of the best mortgage lenders that offer jumbo loan options. 

Jumbo loans are available for primary residences, vacation homes, or investment properties.

New American Funding follows a standard closing process, meaning the time to close will depend on the client and loan type. You can choose to start with a prequalification or preapproval. Prequalification doesn’t involve verifying your income. Preapproval means underwriters have reviewed your income and assets and are reasonably confident you will qualify for a home loan.  

Angel Oak Mortgage Solutions is a full-service mortgage lender offering traditional and portfolio Non-QM mortgage loans. Their Jumbo programs are for higher-priced home purchases that exceed the conforming limit set by the FHFA. Angel Oak’s Jumbo program consists of Prime Jumbo, Gold Prime Jumbo, and Non-QM Platinum Jumbo mortgage options. 

• Available for purchase, cash-out or rate-term refinance
• Loan amounts up to $3.5 million
• Primary, second home, and investment properties
• Single family, townhomes, warrantable and non-warrantable condos
• Four years out of foreclosure, short sale, bankruptcy or deed-in-lieu
• One year tax return program available
• Flexible down payment options
• 40 year fixed interest-only available

3. Runner-up for Jumbo Mortgages: Rocket Mortgage®

Rocket Mortgage is one of the largest mortgage providers in the country. Rocket Mortgage® can help you quickly and easily apply for a jumbo loan through its Rocket Mortgage® platform. Rocket Mortgage® has streamlined the mortgage process to a few simple steps. Most applicants will receive a decision in just a few minutes, and you may qualify for up to $3 million through the Rocket Mortgage Loans jumbo loan program. You may even qualify with just 10% down.

Rocket Mortgage also offers FHA, VA, USDA and conventional loans. 

Your lender needs to know that you have a consistent, steady income when you borrow money. This is especially important for a larger jumbo loan, which may reach millions of dollars. You might find it difficult to get the jumbo loan you need because lenders see your fluctuating income as unreliable or they may not consider nontraditional business assets.

CrossCountry Mortgage provides individualized mortgage solutions if you’re self-employed. CrossCountry Mortgage’s flexible Asset Qualifier home loan considers nontraditional sources of income and assets — perfect for business owners who have a large percentage of cash tied up in work-related assets. You can borrow up to $6 million with an Asset Qualifier loan and your credit score can be as low as 580 points. 

CrossCountry Mortgage is licensed to lend in California, Colorado, Connecticut, DC, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

You already know that a VA loan is a type of government-backed mortgage loan that allows veterans and active members of the armed forces to buy a home with no money down and no private mortgage insurance. Private mortgage insurance is money you pay to a lender in the event that you default on your mortgage. Did you know that you can also get a VA jumbo loan to buy a more valuable property as well?

Check out Veterans United. Veterans United offers 30-year VA jumbo loans at interest rates comparable to regular VA loans. Veterans United allows you to finance up to $3 million in a home loan with a low down payment and looser credit requirements. The team at Veterans United can also help you learn more about the VA loan process and assist you in getting the paperwork you need to secure your loan.

A jumbo mortgage is a type of mortgage loan that exceeds the loan limits set by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. These loan limits are set annually and vary by location. In general, a jumbo mortgage is used to finance higher-priced properties that exceed the loan limits set by the GSEs. Since jumbo mortgages are larger than conventional mortgages, they typically have stricter qualification requirements and higher interest rates. They are commonly used by borrowers who are purchasing luxury homes or properties in high-cost areas.

Finding the right mortgage loan doesn’t need to be confusing. Start by comparing at least a few different lenders working in your area for current interest rates, loan types offered, customer service quality and loan application process. Remember, a mortgage loan can be a 30-year commitment. Take some time to ensure that you’ve got the best loan for you and your family.