Jumbo loan
More borrowing power, more benefits
A jumbo mortgage can help you get the financing you need in today's market. Plus, Wells Fargo customers may qualify for special relationship discounts.
Get startedWhat is a jumbo loan?
Jumbo loan basics
- A jumbo mortgage has a loan amount higher than the conforming loan limit set by the Federal Housing Finance Agency (FHFA). That means it can't be sold to Fannie Mae or Freddie Mac, which makes it riskier for the lender.
- Because of the added risk, jumbo loans usually have higher qualification standards for borrowers.
- Jumbo loan amounts are available with a variety of fixed rate and adjustable rate mortgage terms.
Jumbo loan benefits
- You can use a jumbo loan to finance a primary home, second home, or investment property.
- A larger loan amount can help if you're buying in a high-cost area or need to refinance a mortgage with a high balance.
- You can lower your monthly mortgage payments on a new jumbo loan without refinancing, with a recast loan. We’ll recalculate your monthly principal-and-interest payments — using the reduced principal balance and your then-current interest rate — over the remaining mortgage term. You will have a lower monthly mortgage payment but may pay more interest over the full mortgage term than by making a principal reduction without using the recast option. Certain timing and other requirements must be met which will be explained to you at the time a recast request is made. Consult with a home mortgage consultant for more details.
Already a Wells Fargo customer?
You may be able to get a discounted rate on a loan based on your eligible assets with Wells Fargo. Not all assets qualify. Discount not eligible with FHA and VA loans.
Other mortgage loan types to consider
Adjustable-rate mortgage
Lower introductory rate, which changes periodically in the future
Get a customized rate and payment
See how much you could qualify to borrow and what your estimated rate and payment would be. It takes just a few minutes and won’t affect your credit score.
Talk to a mortgage consultant
Call us
1-877-510-2079
Mon – Fri: 7 am – 8 pm
Sat: 8 am – 6 pm
Central Time
Marque 9 para recibir atención en español.
Let us contact you
Enter your contact information to have a mortgage consultant call you.
Find a consultant
Use our locator to search for mortgage consultants in your area.
How was your experience? Give us feedback.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
LRC-0824
