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Key Benefits

The Advantages of a Jumbo Loan

  • Interest rates for jumbo loans are typically lower than conventional loans.
  • Purchase a home with as little as 10% down.
  • Jumbo loans are available for primary homes, second homes and investment properties, located on up to 40 acres.
  • Veterans and service members who qualify for a jumbo VA loan can often buy a home with a much lower down payment compared to other loans.

The Benefits of Getting a Loan from Quicken Loans

  • You get a completely online application with less paperwork.
  • Home Loan Experts are available via chat, email and phone to help you get the jumbo loan that’s right for you.
  • We don’t charge you to make your mortgage payments online.
  • No prepayment penalties if you pay off your loan early.

Other Popular Loan Options

How It Works

The Different Types of Jumbo Loans

  • Choose between a fixed or adjustable interest rate for all jumbo loans.
  • Jumbo loans are available with different terms – the length of the mortgage.

How Jumbo Loans Work

  • Jumbo loans are also called nonconforming loans because they’re over conventional loan limits.
  • In most of the country, the current conventional loan limit is $484,350. In 2020, the limit is raising to $510,400. The limit is higher in areas where housing is more expensive.
  • For buying a home, we finance jumbo loans up to $3,000,000.
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2NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. ALL WINNERS ARE SUBJECT TO VERIFICATION OF ELIGIBILITY. A maximum of (30) $50,000 prizes will be awarded. Void where prohibited. The sweepstakes begins at 12:01 a.m. ET on January 7, 2020 and ends at 11:59 p.m. ET on January 30, 2020. Open to legal residents of the 50 United States and D.C., 18 years of age or older and of the age of majority in their state of residence (i.e., 19 years of age in AL and NE; 21 years of age in MS). Sponsored by Quicken Loans Inc., 1050 Woodward Avenue, Detroit, MI 48226. See the Official Rules and FAQ for details. The NFL Entities (as defined in the Official Rules) have not offered or sponsored this promotion in any way.

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