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.
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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.
- 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.
- 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% | Learn more at Rocket Mortgage, LLC | ||
National | 10% | Learn more 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: NMLS#3030
National
10.10%
- 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
- 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: NMLS#408902
680
10%
- 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%.
- Mobile app is not geared toward mortgage customers.
- Originated a low proportion of jumbo loans in 2024 compared with other NerdWallet-reviewed lenders.
- 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.
- Must contact the lender in order to get a personalized rate quote.
- Preapproval and mortgage applications require a phone call to complete.
- 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.
- Does not advertise jumbo down payment requirements below 20%.
- Online rate tool doesn’t allow users to customize by credit score.
- 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.
- Originates lower volume of jumbo loans compared to other lenders.
- Requires a down payment of at least 20%.
- 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.
- 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.
- 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%.
- Custom rates are only available online for loan balances up to $2M.
- Lender app is focused on banking customers, not mortgage borrowers.
- 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.
- 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%.
- 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%.
- Sample interest rates are not available online.
- Originates lower volume of jumbo loans compared to other lenders.
- 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.
- Prospective borrowers need to contact the lender to see personalized rates.
- Customer satisfaction ratings are on the low side.
- 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.
- 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: NMLS#399807
National
N/A
- 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.
- Borrowers must become members of the credit union to apply for a mortgage.
- We experienced delays reaching customer service by phone.
Better: NMLS#330511
10.01%
National
- 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.
- Must provide contact info to view customized rates.
- No mobile app.
- Customer service only available over the phone.
- 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.
- 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
