Jumbo Refinance — Today's Rates
6.925%Current avg · Updated 2026-04-28
What is a Jumbo Refinance?
Jumbo refinancing applies to loans that exceed the conforming loan limit ($806,500 in most U.S. counties in 2026). These loans require stricter credit and equity standards but can offer competitive rates for large loan balances. Jumbo loans are not eligible for purchase by Fannie Mae or Freddie Mac.
Pros
- Competitive rates for large balances
- Flexible loan structures
- Can lower high-balance loan rates
Cons
- Stricter underwriting
- 720+ credit score often required
- Larger down payment/equity needed
- More documentation required
Quick Facts
Current Rate
6.925%
Min. Credit Score
720
Equity Requirement
N/A (25-30% equity typical)
Best For
Homeowners with loan balances above $806,500 (conforming limit) seeking better rates
Top Lenders for Jumbo Refinance
| Lender | Jumbo Refinance Rate | APR | Action |
|---|---|---|---|
| 🏘PennyMac | 6.420% | 6.570% | Apply |
| 💎SoFi | 6.420% | 6.570% | Apply |
| 🏦AmeriSave | 6.430% | 6.580% | Apply |
| ✨Better Mortgage | 6.430% | 6.580% | Apply |
| 🗽Freedom Mortgage | 6.430% | 6.580% | Apply |