For a comparison of all major mortgage types — conventional, FHA, VA, USDA, ARM, and jumbo — see the Mortgage Loan Types hub.
Compare current jumbo mortgage rates for high-value home purchases above conforming loan limits.
Current Jumbo Loan Rates
Rates as of March 2026. Updated daily.
| Loan Type | Rate | APR | Points |
|---|---|---|---|
| 30-Year Jumbo Fixed | 7.000% | 7.08% | 0.4 |
| 15-Year Jumbo Fixed | 6.375% | 6.45% | 0.3 |
| Jumbo 7/1 ARM | 6.250% | 6.85% | 0.3 |
| Jumbo 10/1 ARM | 6.500% | 6.92% | 0.3 |
Jumbo vs Conforming Rate Comparison
| Feature | Jumbo | Conforming |
|---|---|---|
| 30-Year Fixed Rate | 7.000% | 6.875% |
| Rate Difference | +0.125% | — |
| Max Loan (standard) | No limit | $766,550 |
| Max Loan (high-cost) | No limit | $1,149,825 |
| Min Down Payment | 10-20% | 3% |
| Min Credit Score | 700-720 | 620 |
What Is a Jumbo Loan?
| Area Type | Conforming Limit | Jumbo Threshold |
|---|---|---|
| Most US counties | $766,550 | $766,551+ |
| High-cost areas | Up to $1,149,825 | Above local limit |
2026 Conforming Loan Limits
| Units | Standard | High-Cost Max |
|---|---|---|
| 1 unit | $766,550 | $1,149,825 |
| 2 units | $981,500 | $1,472,250 |
| 3 units | $1,186,350 | $1,779,525 |
| 4 units | $1,474,400 | $2,211,600 |
High-Cost Area Limits (Examples)
| Metro Area | Conforming Limit | Jumbo Starts At |
|---|---|---|
| San Francisco Bay | $1,149,825 | $1,149,826 |
| New York City | $1,149,825 | $1,149,826 |
| Los Angeles | $1,149,825 | $1,149,826 |
| Washington, DC | $1,149,825 | $1,149,826 |
| Seattle | $977,500 | $977,501 |
| Boston | $913,650 | $913,651 |
| Denver | $856,750 | $856,751 |
Jumbo Loan Rates by Credit Score
| Credit Score | 30-Year Rate | Required Down |
|---|---|---|
| 780+ | 6.750% | 10-15% |
| 760-779 | 6.875% | 15-20% |
| 740-759 | 7.000% | 15-20% |
| 720-739 | 7.125% | 20% |
| 700-719 | 7.375% | 20-25% |
| Below 700 | Limited availability | 25%+ |
Jumbo Loan Requirements
| Requirement | Typical Minimum | Preferred |
|---|---|---|
| Credit score | 700 | 740+ |
| Down payment | 10-20% | 20%+ |
| Debt-to-income | 43% | Under 40% |
| Cash reserves | 6-12 months | 12+ months |
| Employment | 2 years | Stable history |
| Documentation | Full | Full |
Payment Comparison
$900,000 Home Purchase
Jumbo Loan (20% down):
| Component | Amount |
|---|---|
| Down payment | $180,000 |
| Loan amount | $720,000 |
| Rate | 7.000% |
| Monthly P&I | $4,791 |
| Total interest (30 yr) | $1,004,670 |
$1,200,000 Home Purchase
Jumbo Loan (20% down):
| Component | Amount |
|---|---|
| Down payment | $240,000 |
| Loan amount | $960,000 |
| Rate | 7.000% |
| Monthly P&I | $6,388 |
| Total interest (30 yr) | $1,339,560 |
Jumbo ARM vs Fixed Comparison
$800,000 loan amount:
| Loan Type | Initial Rate | Initial Payment | Rate After Adjustment |
|---|---|---|---|
| 30-Year Fixed | 7.000% | $5,322 | 7.000% (no change) |
| 7/1 ARM | 6.250% | $4,927 | Could adjust ±2%+ |
| 10/1 ARM | 6.500% | $5,057 | Could adjust ±2%+ |
7/1 ARM savings: $395/month for first 7 years = $33,180
Risk: If rates rise, payment could increase significantly after fixed period
Avoiding Jumbo: Piggyback Strategy
To avoid a jumbo loan, some borrowers use an 80-10-10 structure:
Example: $850,000 Home
| Traditional Jumbo | 80-10-10 Piggyback |
|---|---|
| $170,000 down (20%) | $85,000 down (10%) |
| $680,000 jumbo loan | $680,000 conforming (80%) |
| $85,000 HELOC (10%) | |
| Rate: 7.00% | 1st: 6.875%, 2nd: 8.5% |
| Payment: $4,524 | Payment: $4,463 + $602 HELOC |
Piggyback may cost more but avoids stricter jumbo requirements
Jumbo Loan Rate History
| Period | 30-Year Jumbo Rate |
|---|---|
| March 2026 | 7.000% |
| 2025 Average | 7.12% |
| 2024 Average | 6.98% |
| 2023 Average | 6.89% |
| 2022 Average | 5.25% |
| 2021 Average | 3.05% |
| 10-Year Average | 4.68% |
Who Qualifies for Jumbo Loans?
Ideal Candidates
| Characteristic | Details |
|---|---|
| High income | $200K+ household income |
| Excellent credit | 740+ score |
| Significant assets | 12+ months reserves |
| Low DTI | Under 40% |
| Large down payment | 20%+ |
| Stable employment | 2+ years same field |
Documents Needed
- Tax returns (2 years)
- W-2s (2 years)
- Pay stubs (30 days)
- Bank statements (2-3 months)
- Investment account statements
- Documentation of down payment source
- Gift letter (if applicable)
Jumbo Refinance Rates
| Loan Type | Rate | APR |
|---|---|---|
| 30-Year Jumbo Refi | 7.125% | 7.20% |
| 15-Year Jumbo Refi | 6.500% | 6.58% |
| Jumbo Cash-Out | 7.375% | 7.45% |
Tips for Best Jumbo Rates
| Strategy | Potential Savings |
|---|---|
| 25%+ down payment | 0.125-0.25% lower rate |
| Credit score 760+ | 0.25-0.50% lower rate |
| Lower DTI ratio | Better approval odds |
| Shop specialized lenders | Often best rates |
| Consider credit unions | Lower rates and fees |
| Private banks | May offer relationship pricing |
| Buy points | 1 point ≈ 0.25% reduction |
Related: How Much House Can I Afford? | 30-Year Mortgage Rates | Mortgage Calculator
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