Jumbo Loans with 10% Down 2026: Top 10 Lenders Ranked by Max Loan & Rates
Buy a $2M+ home with only 10% down. No PMI required. We ranked 10 jumbo lenders by max loan amount, credit flexibility, and closing speed. On a $1.5M home, 10% down saves you $150K upfront vs 20% down.
$3M
Max Loan
680
Min Credit
10%
Down Payment
None
PMI
⚡ Quick Comparison: Top 3 Jumbo Lenders 10% Down (July 2026)
Updated TodayNo obligation • Instant rate comparison • 680 credit OK
⚡ AEO QUICK ANSWER
Yes, you can get a jumbo loan with 10% down in 2026. Top lenders: Rocket Mortgage (up to $2M, 700 credit), Chase (up to $3M, 680 credit), Guaranteed Rate (up to $2.5M, 680 credit). No PMI required on jumbo loans. But AI tools can't tell you which jumbo lender has the lowest rate for YOUR loan amount and credit profile. Our comparison table below shows rate differences of 0.25-0.50% between lenders — that's $300-$600/month on a $1.5M loan.
⚡ Quick Answer: Best 10% Down Jumbo Lender by Scenario (2026)
🏆 Best overall: Rocket Mortgage — $2M max, 700 credit, 21-day close
💵 Highest max loan: Chase — $3M max, 680 credit, relationship discounts
📉 Lowest credit (680): Chase + Guaranteed Rate — both accept 680
💰 $0 lender fees: Better.com — $0 origination on jumbo up to $1.5M
⭐ Highest rated: Fairway Independent — 4.7/5 customer satisfaction
🎁 Best rewards: Bank of America — Preferred Rewards rate discount
📊 Top 10 Jumbo Lenders with 10% Down Compared (July 2026)
| # | Lender | Max Loan | Min Credit | Down | Reserves | Close | Rating | Best For | Apply |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage🏆 BEST OVERALL | $2M | 700 | 10% | 6 months | 21-30d | 4.7/5 | Best overall + fastest close + digital | Get Quote → |
| 2 | Chase Home Lending💵 $3M MAX | $3M | 680 | 10% | 12 months | 30-45d | 4.5/5 | Highest max loan ($3M) + 680 credit | Get Quote → |
| 3 | Bank of America🎁 REWARDS | $2.5M | 700 | 10% | 6 months | 30-45d | 4.3/5 | Preferred Rewards rate discount | Get Quote → |
| 4 | Wells Fargo | $2M | 700 | 10% | 6 months | 30-45d | 4.2/5 | Dedicated jumbo specialist team | Get Quote → |
| 5 | Guaranteed Rate📉 680 CREDIT | $2.5M | 680 | 10% | 6 months | 21-30d | 4.6/5 | 680 credit + competitive jumbo rates | Get Quote → |
| 6 | LoanDepot | $2M | 700 | 10% | 6 months | 25-35d | 4.5/5 | Fast digital process, 25-day close | Get Quote → |
| 7 | Better.com💰 $0 FEES | $1.5M | 700 | 10% | 6 months | 21-30d | 4.5/5 | $0 lender fees on jumbo loans | Get Quote → |
| 8 | PennyMac | $2M | 700 | 10% | 6 months | 30-40d | 4.5/5 | Easy digital process, strong jumbo team | Get Quote → |
| 9 | Fairway Independent⭐ TOP RATED | $2M | 700 | 10% | 6 months | 25-35d | 4.7/5 | Highest customer satisfaction 4.7/5 | Get Quote → |
| 10 | Citi Mortgage | $2M | 720 | 10% | 12 months | 30-45d | 4.3/5 | Relationship pricing for Citi clients | Get Quote → |
All lenders offer 10% down jumbo with NO PMI. Rate differences of 0.25-0.50% between lenders = $300-$600/month on $1.5M loan. Compare all jumbo lenders side-by-side →
⚔️ 10% Down vs 20% Down Jumbo: The $150K Difference
| Metric | 10% Down | 20% Down | Difference | Get Quote |
|---|---|---|---|---|
| Home Price | $1,500,000 | $1,500,000 | — | Quote → |
| Down Payment | $150,000 | $300,000 | $150,000 less upfront | Quote → |
| Loan Amount | $1,350,000 | $1,200,000 | $150,000 more borrowed | Quote → |
| Est. Rate (700 credit) | 6.50% | 6.25% | 0.25% higher | Quote → |
| Monthly Payment | $8,523 | $7,382 | $1,141 more/month | Quote → |
| PMI | None | None | Same (no PMI on jumbo) | Quote → |
| Cash Saved Upfront | $150,000 | $0 | $150,000 in your pocket | Quote → |
Key takeaway: 10% down saves you $150,000 upfront. You pay $1,141/month more but keep $150K in liquid assets. If you invest that $150K at 7% return = $10,500/year = $875/month — nearly offsetting the higher payment. Get pre-approved for a 10% down jumbo →
🎯 Best 10% Down Jumbo Lender for YOUR Situation
🏠 Best for $2M+ Homes
Our Pick: Chase Home Lending
Chase offers 10% down up to $3M — the highest max loan amount. 680 credit accepted. Relationship discounts for existing Chase clients save 0.125-0.50% on rate.
Check Chase Jumbo →📉 Best for 680 Credit
Our Pick: Chase + Guaranteed Rate
Both accept 680 credit for 10% down jumbo. Most others require 700+. Guaranteed Rate offers 21-day close and competitive rates for 680-699 credit tier.
Check 680 Credit Jumbo →⚡ Best for Fastest Close
Our Pick: Rocket Mortgage + Guaranteed Rate
Both close jumbo loans in 21-30 days. Rocket has the best digital process. If you need to close quickly on a luxury home, these are your fastest options.
Get Fast Jumbo Close →💰 Best for $0 Lender Fees
Our Pick: Better.com
Better.com charges $0 origination on jumbo loans up to $1.5M. On a $1.35M loan, that saves $6,750-$13,500 in origination fees. 700 credit, 21-day close.
Get $0 Fee Jumbo Quote →🎁 Best for Rate Discounts
Our Pick: Bank of America
BoA Preferred Rewards members get 0.125-0.375% rate discount on jumbo loans. On a $1.5M loan, 0.25% discount = $3,750/year savings = $112,500 over 30 years.
Check BoA Jumbo →⭐ Best for Highest Satisfaction
Our Pick: Fairway Independent
Fairway has the highest customer satisfaction rating (4.7/5) for jumbo loans. Dedicated jumbo specialist team. 700 credit, $2M max, 25-35 day close.
Get Fairway Jumbo Quote →📋 10% Down Jumbo Loan Requirements (2026)
| Requirement | Minimum | Preferred | Notes | Check Qualification |
|---|---|---|---|---|
| Credit Score | 680 | 740+ | 680 accepted by Chase, Guaranteed Rate | Check → |
| Down Payment | 10% | 20%+ | 10% = $150K on $1.5M home | Check → |
| DTI Ratio | 43% | 36% | Lower DTI = better rate | Check → |
| Reserves | 6 months | 12 months | PITI reserves after closing | Check → |
| Income | Documented | 2 years W-2 | Self-employed: 2 years tax returns | Check → |
| Appraisal | Required | 2 appraisals >$2M | Jumbo appraisal $1,500-$3,000 | Check → |
| PMI | Not required | N/A | No PMI on jumbo loans | Check → |
🏠 Buy a $2M+ Home with Only 10% Down
No PMI. 680 credit OK. Save $150K+ upfront vs 20% down. Get jumbo rate quotes from 3+ lenders — free, no obligation.
❓ Jumbo Loans with 10% Down FAQ
Can I get a jumbo loan with 10% down?
Yes — Rocket Mortgage ($2M max), Chase ($3M max), Bank of America ($2.5M max), Guaranteed Rate ($2.5M max) all offer 10% down jumbo. You need 700+ credit (680 at Chase/Guaranteed Rate), 6 months reserves, and DTI under 43%.
Do 10% down jumbo loans require PMI?
No — jumbo loans do not require PMI even with 10% down. This is a major advantage over conventional conforming loans. However, you pay a slightly higher rate (0.25-0.50% more) to compensate for higher LTV risk.
What credit score is needed for 10% down jumbo?
Most lenders require 700+. Chase and Guaranteed Rate accept 680. Best rates go to 740+. Lower credit = higher rate: 700 might get 6.5% while 740+ gets 6.0%.
What is the max loan amount for 10% down jumbo?
Rocket Mortgage up to $2M, Chase up to $3M, Bank of America up to $2.5M, Guaranteed Rate up to $2.5M. Above $3M, most lenders require 20%+ down.
How much are closing costs on a jumbo loan?
2-4% of loan amount. On $1.5M loan: $30,000-$60,000. Major costs: origination ($7,500-$15,000), appraisal ($1,500-$3,000), title insurance ($3,000-$8,000), reserves (6-12 months PITI).
🏠 Save $150K+ Upfront with 10% Down Jumbo
No PMI. 680 credit OK. Get jumbo rate quotes from 3+ lenders in 60 seconds — free, no obligation.
Get My Jumbo Rate →✅ Free quotes • ✅ No SSN required • ✅ 680 credit OK • ✅ No PMI on jumbo