Best Jumbo Lenders in Massachusetts 2026: Top 7 for $1M+ Homes
EP
Elizabeth Parker
Massachusetts Jumbo Loan Expert | 19+ Years Experience
January 23, 2026
Looking for the best jumbo lenders in Massachusetts? Massachusetts's luxury market is thriving, especially in Greater Boston. These 7 lenders offer the best rates and terms for $1M-$5M+ homes.
6.70%
Avg Jumbo Rate
$2.2M
Avg Jumbo Loan
15%
Min Down
$5M
Max Loan
🏆 Top 7 Jumbo Lenders Massachusetts 2026
#1 BEST OVERALL
Bank of America - Best Jumbo Lender Massachusetts
⭐ 4.7/5
3,200+ MA jumbo loans
Why #1:
- 💰 Best jumbo rates: 6.60%-6.80% APR
- 🏆 Up to $5M loans
- ⚡ 10% down minimum
- 📍 Dominant in Boston luxury market
- 🎯 Relationship banking perks (Preferred Rewards)
Best For:
High-net-worth MA buyers purchasing $1M-$5M homes
📊 Massachusetts Jumbo Loan Markets 2026
| Market | Median Luxury Home | Jumbo Threshold |
|---|---|---|
| Boston (Back Bay) | $3.5M | $1,149,825+ |
| Cambridge | $2.8M | $1,149,825+ |
| Brookline | $2.5M | $1,149,825+ |
| Newton | $2.2M | $1,149,825+ |
❓ FAQ: Massachusetts Jumbo Loans 2026
What is a jumbo loan in Massachusetts?
A jumbo loan exceeds conforming loan limits:
- Massachusetts 2026 limit: $1,149,825
- Jumbo loan: Any loan above $1,149,825
- Example: $2.2M home = $1,050,175 jumbo portion
How much down payment for jumbo loan in Massachusetts?
Massachusetts Jumbo Down Payment Requirements:
- Minimum: 10% ($220K on $2.2M)
- Recommended: 20% ($440K on $2.2M)
- Best rates: 25%+ down