This table shows rates for jumbo mortgages through U.S. Bank.
Term 30-year fixed - jumbo
Rate
APR
Term 20-year fixed - jumbo
Rate
APR
Term 15-year fixed - jumbo
Rate
APR
This table shows rates for jumbo mortgages through U.S. Bank.
Term Rate APR
30-year fixed - jumbo
20-year fixed - jumbo
15-year fixed - jumbo

What’s a jumbo mortgage loan?

Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you.

The limit on conforming loans is $424,100 in most areas of the country, but jumbo mortgages can exceed these limits. Even so, if you're considering a home in a high-cost area, you may still be able to obtain a conforming fixed-rate mortgage or adjustable-rate mortgage for up to $636,150. FHA loans have limits up to $721,050. Contact a mortgage loan officer to learn more.

Benefits and considerations

Higher purchase limits

Jumbo mortgages can exceed the conforming loan limit, currently $424,100 in most parts of the United States.

Competitive rates

Jumbo loan rates have reached historic lows in recent years, and the interest on loans up to $1 million may be tax-deductible.1

Requirements and qualifications

  • Credit history - Conventional loans are a good choice for borrowers with very good credit, which generally means a FICO score of 740 or higher. There are also established guidelines for income and other personal financial information.
  • Financial strength - When applying for a jumbo mortgage, the maximum debt-to-income ratio for jumbo loans is 45 percent.
  • Property appraisal - The property appraisal must support the purchase price for the home and the mortgage the borrower wants.

Jumbo mortgages are a good solution for borrowers who are looking to buy a higher-priced home. Compare mortgage options to learn more, or contact a mortgage loan officer to find out whether a jumbo loan may be right for you.