What credit score do I need for a jumbo loan?
Jumbo loans typically require a 700-plus credit score, and the best pricing shows up at 740 and above. Some programs allow scores in the high 600s with compensating factors like more down or larger reserves.
Because jumbos exceed agency limits, lenders scrutinize credit closely. We'll review your profile and target the jumbo program that fits your score.
Usually 700-plus
Most jumbo loans want a credit score of at least 700, and the best rates go to scores of 740 and above. A few lenders allow lower with a larger down payment and strong reserves.
Because jumbo loans are large and not government-backed, lenders lean on your credit heavily.
Improving your terms
A higher score lowers your rate and can reduce the down payment and reserves a jumbo lender requires. Small credit gains can mean big savings on a large loan.
Not sure where you stand? Apply now and we will check your score and match you to the right jumbo program.
Verify the details for your own situation against these government and agency sources: HUD FHA loan program and HUD Handbook 4000.1 (FHA rules).