For home buyers and homeowners

Jumbo Smart

When you need a larger home loan, America’s largest retail lender* can help. Finance loan amounts up to $3 million the smart way with a Jumbo Smart loan from Rocket Mortgage®.

A large home featuring a tall entryway with beige stone exterior walls set in a property full of mature trees.A large home featuring a tall entryway with beige stone exterior walls set in a property full of mature trees.

Big on flexibility, smaller on complexity

A variety of options

We offer conventional, VA, FHA and adjustable-rate mortgage (ARM) jumbo loans, and a variety of terms. 

Flexible loan use

Finance a primary home, second home or an investment property with up to two units.

Less paperwork

A Jumbo Smart loan requires less documentation than many jumbo loans on the market today. 

Tall entryway to a large stone home with beige exterier and Southwest style porch decorations.

Guidelines for this loan

If your details are close to these guidelines, we encourage you to apply or talk to us. Even if you don’t qualify for a Jumbo Smart loan, we could have other options for you. 

Credit

You'll need a 680 score or better, unless you qualify for a VA or FHA jumbo loan. 

About credit

Down payments

Down payments to buy a home with a Jumbo Smart loan start at just over 10% of the purchase price. 

About down payments

Closing costs

You’ll need around 3-6% of the amount you’re financing for closing costs. 

About closing costs

Debt

Less than 45% of your income should be going to pay debt.

About debt

Estimate and explore

Calculators are a great way to learn and see what’s possible.

Mortgage calculator

Thinking of buying a house? Estimate your monthly loan payment including taxes and insurance.

Home equity calculator

Learn how much cash you have in your home based on its value and what you still owe.

Frequently asked questions

Answers to questions about this loan we heard from people like you during research.

A jumbo loan is a mortgage for amounts over conforming loan limits. If you’re buying or refinancing a home and need a loan amount that exceeds these limits, in most cases you’ll need a jumbo loan. 

Conforming loan limits are loan amounts that define what’s a jumbo loan and what isn’t. They’re set by the Federal Housing Finance Agency. In 2024, the conforming loan limit for most of the U.S. was $766,550. So if you bought or refinanced a house for more than that amount, you’d probably need a jumbo loan.

Conforming loan limits are higher in certain parts of the U.S. where home values are more expensive, like Alaska, Hawaii and California. You can see all the limits on this FHFA map.  

It’s hard to make comparisons because so many factors affect the rate you get. Looking at Rocket Mortgage rates on September 17, 2024, jumbo mortgage rates were lower than 30-year fixed conventional rates. But the best way to find out what your rate will be is to talk to us or apply.  

Because jumbo loan amounts are larger, generally you’ll need better credit, more income and lower debt compared to conventional loans.  

 Learn more about loan types

Don't wonder what's best. Ask us!

We’ve been helping clients find their perfect home loan for almost 40 years.

Call us

(888) 452-8179

Dream bigger with Jumbo Smart