Jumbo Mortgage Loans

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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

Key Benefits:

  • 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?

If you are ready to start the mortgage loan process, please fill out this form or schedule an appointment with an advisor.

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.

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