We're here to help:
What is a jumbo loan? A jumbo loan or jumbo mortgage is used when you wish to purchase a more expensive property or the housing market requires a loan minimum of half a million dollars. Jumbo mortgage loans surpass the borrowing limit of $510,400 set by the Federal Housing Finance Agency (FHFA) for traditional loans. Jumbo loans require a high credit score and meeting stricter criteria because of the risk it places on the lender. Learn more about jumbo loans and contact a Fifth Third Mortgage Loan Specialist for current jumbo mortgage rates.
Do I Qualify?
- You want to borrow more than $510,400
- You have a credit score of 680 or above
- You have a low debt-to-income ratio
- You have cash reserves
- You have proof of employment and income
- You would like to take advantage of today's great rates
- Financing on loans up to $3 million
- Fixed rate and ARM* loans available
- Competitive rates
- Standard to low down payment
Mortgage Loan Calculators
Use these easy-to-use calculators to determine what home you can afford and estimated payments.
Determine your maximum home price and mortgage loan amount
Calculate your monthly mortgage payment for a given purchase price, down payment, interest rate, and loan term
Find out how much you can borrow for the home of your dreams
Jumbo Loan FAQs
What is a jumbo loan?
A jumbo loan is usually used when the cost of a home requires a loan above the $510,400 limit set by the Federal Housing Finance Agency (FHFA) for traditional loans. Jumbo loans have stricter criteria than traditional loans and typically higher rates.
How do I qualify for a jumbo loan?
Jumbo loans require a high credit score, cash on hand, a lower debt-to-income ratio, and an array of financial and employment documentation. You may qualify for a jumbo loan if you are a high earner and meet the general qualifications listed above. Call 1-866-351-5353 to speak with a Fifth Third Specialist to see if you qualify.
What do I have to put down for a jumbo loan?
Jumbo loans are more likely to require a downpayment of 20%, though some lenders may go as low as 10%.
How do I apply for a jumbo loan?
What will my interest rate be?
Our competitive rates are subject to change. You can lock in a rate at the time of application and we will stand by the rate through a specified expiration date. Fee may apply.
We're here to help: