Jumbo mortgage loans in San Jose, California
More ways we make homebuying easier
Guaranteed on-time closing or get $2,500
Our Chase Closing Guarantee promises a closing in as soon as three weeks or you'll get $2,500.
Chase Private Client rate discount
You may be eligible for home lending benefits including a mortgage processing fee waiver up to $1,150 and rate discounts up to 0.5% based on new and existing balances.
Interest-only jumbo loans
These loans are for buying or no-cash-out refinancing of more expensive, single-family primary or secondary homes. You're only required to pay monthly interest during the initial loan term; it then converts to a variable-rate loan.
Home lending advisors in San Jose, California
Brent Jacobs
Senior Home Lending Advisor
NMLS ID: 455225
1402 Lincoln Avenue
San Jose, CA 95125
Cindy Nilmeyer
Senior Home Lending Advisor
NMLS ID: 633074
6471 Alamaden Expressway
San Jose, CA 95120
Eddie Martinez
Senior Home Lending Advisor
NMLS ID: 1697980
1725 Saratoga Ave
San Jose, CA 95129
Spanish
4.9 out of 5
(7 reviews)
Frequently asked questions about jumbo mortgage loans in San Jose, California
How to qualify for a jumbo loan in San Jose, California?
A jumbo loan is a big undertaking, and typically has stricter qualification guidelines.
Here are the requirements you'll generally need to meet when applying for a jumbo loan in San Jose, California:
High credit scoreLow debt-to-income ratio
* Low loan-to-value ratio
Good cash reserves
* A sizable down payment
Here are the requirements you'll generally need to meet when applying for a jumbo loan in San Jose, California:
High credit scoreLow debt-to-income ratio
* Low loan-to-value ratio
Good cash reserves
* A sizable down payment
What documents are needed for a jumbo loan in San Jose, California?
When applying for a jumbo loan in San Jose, California you will be required to provide some essential information to prove your financial health. This usually includes:
Annual tax returns, including W-2s
* Most recent pay stubs and bank statements
Information about your investments and other financial interests
Annual tax returns, including W-2s
* Most recent pay stubs and bank statements
Information about your investments and other financial interests
What are the current jumbo loan rates in San Jose, California?
We update our interest rate table daily. Use the above rate tool to find the current jumbo loan rates in San Jose, California.
1. Loans up to 85% of a home's value are available on a purchase or refinance with no cash back, subject to property type, a required minimum credit score and a minimum amount of monthly reserves (i.e., you must set aside enough money in reserve to make a specified number of monthly mortgage payments principal, interest, taxes, insurance and assessments after the loan closes). Product restrictions apply.
Jumbo loans available up to $9.5 million. For loan amounts greater than $3MM (or $2MM for investment properties), customers must meet additional post-closing asset requirements to qualify. Additional restrictions may apply. Please contact a Chase Home Lending Advisor for details.
2.Chase Closing Guarantee Eligibility: These requirements must be met: (1) Apply for a first lien purchase home loan with Chase; and (2) Provide a complete application package, which includes all requested supporting documentation and signed disclosures, and a fully-executed purchase contract with all pages. (3) Conventional Loans: Closing date must be at least 21 calendar days after receipt of a complete application package, except for a cooperative project (co-op) which requires 60 calendar days. For any new construction property that receives an initial appraisal subject to repairs/completion, a final inspection is required. Chase guarantees closing within 3 business days of receipt of a satisfactory final inspection. (4) FHA/VA loans: Closing date must be at least 30 calendar days after receipt of a complete application package. When an FHA/VA final inspection is required for new construction or specific home repairs, Chase guarantees closing within 5 business days from receipt of a satisfactory final inspection or satisfactory proof of final repairs. If property is a condo, the condo must be FHA or VA (as applicable) approved at the time of submission of the home loan application.
Product Exclusions: Refinances, transactions involving Consolidation, Extension and Modification Agreements (CEMAs) or loan amounts $2 million or greater.
Ineligibility: The Chase Closing Guarantee does not apply if the following occur: Customer or Seller initiates changes (1) to the original closing date documented in the purchase contract; or (2) within 10 calendar days of closing that impact loan amount, product type, contract terms, interest rate or initial rate locks. The Chase Closing Guarantee also does not apply if delays occur as a result of (1) completion of new construction, improvements or repairs being made to the subject property; (2) Failure by the customer or seller to meet contract terms and requirements, including seller-related delays; (3) Force majeure events, including weather or a natural disaster; (4) Third parties other than Chase-required service providers; or (5) Customer's failure to respond to Chase requests in a timely manner (e.g. within 2 business days). Additionally, the Chase Closing Guarantee does not apply for transactions in which a direct personal, financial or business relationship exists among any of the parties to the transaction (non-arm's length transactions). Chase reserves the right to amend, terminate or withdraw the Chase Closing Guarantee at any time without prior notice.
Closing guarantees and other awards ("awards") transferred to you under the terms of the program will be considered by Chase a discount of underwriting fees paid at mortgage closing. Any awards transferred at or outside closing in excess of the value of the underwriting fees may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to you and the IRS for the year in which you participate and receive the awards. You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to your personal income tax returns.
3. Existing balance requirements: Under the Relationship Pricing Program, participating customers with existing eligible Chase and J.P. Morgan deposit accounts and/or J.P. Morgan Wealth Management accounts can save off the standard mortgage rate. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Talk with a Chase Home Lending Advisor or visitchase.com/relationshipoffers for the rate discounts currently available. Any existing funds and/or investments funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible balance amount. Chase employees are not eligible for the existing balance rate discount. Talk with a Home Lending Advisor for more information.
New money requirements: Additional rate discounts are available under the Relationship Pricing Program, based on the new deposit and/or investment assets transferred to Chase and/or J.P. Morgan Wealth Management accounts and the mortgage loan amount. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Existing deposit and/or investment assets held with JPMorgan Chase Co. and any of its affiliates are not eligible. Funds previously held at JPMorgan Chase Co. or any of its affiliates may also not be eligible. Any existing funds or new deposit and/or investment funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible transfer amount (you will not be penalized for changes in market value). If the loan amount changes prior to closing, the rate discount will be adjusted accordingly. Funds that settle in a customer's deposit and/or investment accounts 14 calendar days or more prior to completion of a mortgage application are not eligible for the new money discount. New money funds cannot be used for more than one loan.
Combined discount: You can qualify for both the existing balance discount and the new money discount. However, new money deposit and/or investment funds cannot be applied to both discounts. The rate discount for the existing balance or the employee mortgage rate discount, combined with the net new money discount is capped at a max percentage; please talk with a Home Lending Advisor for the current cap.
Loan Closing: If the funds needed to qualify for the existing balance discount and/or the new money discount are not in the customer's account at least 10 calendar days prior to the scheduled closing date, the customer can choose to close the loan without the rate discount or extend the closing date, for which a fee may be charged. Customer may qualify for a post-close rate discount if funds are received and settled within 30 days of closing. Post-close rate discounts may not be available to all customers and may be lower than discounts available prior to closing. The customer must sign a rate change modification to receive the post-close discount and will not receive a refund of any interest paid prior to a rate change taking effect.
Account Eligibility: Qualifying personal banking and/or investment balances will be used in determining the appropriate mortgage rate discount. However, business, deferred compensation, student, custodial, 529b college savings, donor-advised funds, select retirement accounts and non-vested RSU accounts do not qualify. This is not intended as an exhaustive list of eligible or ineligible accounts, which are subject to change; please talk with a Home Lending Advisor.
Chase reserves the right to amend, terminate or withdraw the rate discount at any time without prior notice. Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit and home lending products provided by JPMorgan Chase Bank, N.A. Member FDIC.
J.P. Morgan Wealth Management is a business of JPMorgan Chase Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase Co. Products not available in all states.
Jumbo loans available up to $9.5 million. For loan amounts greater than $3MM (or $2MM for investment properties), customers must meet additional post-closing asset requirements to qualify. Additional restrictions may apply. Please contact a Chase Home Lending Advisor for details.
2.Chase Closing Guarantee Eligibility: These requirements must be met: (1) Apply for a first lien purchase home loan with Chase; and (2) Provide a complete application package, which includes all requested supporting documentation and signed disclosures, and a fully-executed purchase contract with all pages. (3) Conventional Loans: Closing date must be at least 21 calendar days after receipt of a complete application package, except for a cooperative project (co-op) which requires 60 calendar days. For any new construction property that receives an initial appraisal subject to repairs/completion, a final inspection is required. Chase guarantees closing within 3 business days of receipt of a satisfactory final inspection. (4) FHA/VA loans: Closing date must be at least 30 calendar days after receipt of a complete application package. When an FHA/VA final inspection is required for new construction or specific home repairs, Chase guarantees closing within 5 business days from receipt of a satisfactory final inspection or satisfactory proof of final repairs. If property is a condo, the condo must be FHA or VA (as applicable) approved at the time of submission of the home loan application.
Product Exclusions: Refinances, transactions involving Consolidation, Extension and Modification Agreements (CEMAs) or loan amounts $2 million or greater.
Ineligibility: The Chase Closing Guarantee does not apply if the following occur: Customer or Seller initiates changes (1) to the original closing date documented in the purchase contract; or (2) within 10 calendar days of closing that impact loan amount, product type, contract terms, interest rate or initial rate locks. The Chase Closing Guarantee also does not apply if delays occur as a result of (1) completion of new construction, improvements or repairs being made to the subject property; (2) Failure by the customer or seller to meet contract terms and requirements, including seller-related delays; (3) Force majeure events, including weather or a natural disaster; (4) Third parties other than Chase-required service providers; or (5) Customer's failure to respond to Chase requests in a timely manner (e.g. within 2 business days). Additionally, the Chase Closing Guarantee does not apply for transactions in which a direct personal, financial or business relationship exists among any of the parties to the transaction (non-arm's length transactions). Chase reserves the right to amend, terminate or withdraw the Chase Closing Guarantee at any time without prior notice.
Closing guarantees and other awards ("awards") transferred to you under the terms of the program will be considered by Chase a discount of underwriting fees paid at mortgage closing. Any awards transferred at or outside closing in excess of the value of the underwriting fees may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person's U.S. Source Income Subject to Withholding) to you and the IRS for the year in which you participate and receive the awards. You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to your personal income tax returns.
3. Existing balance requirements: Under the Relationship Pricing Program, participating customers with existing eligible Chase and J.P. Morgan deposit accounts and/or J.P. Morgan Wealth Management accounts can save off the standard mortgage rate. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Talk with a Chase Home Lending Advisor or visitchase.com/relationshipoffers for the rate discounts currently available. Any existing funds and/or investments funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible balance amount. Chase employees are not eligible for the existing balance rate discount. Talk with a Home Lending Advisor for more information.
New money requirements: Additional rate discounts are available under the Relationship Pricing Program, based on the new deposit and/or investment assets transferred to Chase and/or J.P. Morgan Wealth Management accounts and the mortgage loan amount. For Adjustable-Rate Mortgages the rate discount will apply during the initial rate period only. Existing deposit and/or investment assets held with JPMorgan Chase Co. and any of its affiliates are not eligible. Funds previously held at JPMorgan Chase Co. or any of its affiliates may also not be eligible. Any existing funds or new deposit and/or investment funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible transfer amount (you will not be penalized for changes in market value). If the loan amount changes prior to closing, the rate discount will be adjusted accordingly. Funds that settle in a customer's deposit and/or investment accounts 14 calendar days or more prior to completion of a mortgage application are not eligible for the new money discount. New money funds cannot be used for more than one loan.
Combined discount: You can qualify for both the existing balance discount and the new money discount. However, new money deposit and/or investment funds cannot be applied to both discounts. The rate discount for the existing balance or the employee mortgage rate discount, combined with the net new money discount is capped at a max percentage; please talk with a Home Lending Advisor for the current cap.
Loan Closing: If the funds needed to qualify for the existing balance discount and/or the new money discount are not in the customer's account at least 10 calendar days prior to the scheduled closing date, the customer can choose to close the loan without the rate discount or extend the closing date, for which a fee may be charged. Customer may qualify for a post-close rate discount if funds are received and settled within 30 days of closing. Post-close rate discounts may not be available to all customers and may be lower than discounts available prior to closing. The customer must sign a rate change modification to receive the post-close discount and will not receive a refund of any interest paid prior to a rate change taking effect.
Account Eligibility: Qualifying personal banking and/or investment balances will be used in determining the appropriate mortgage rate discount. However, business, deferred compensation, student, custodial, 529b college savings, donor-advised funds, select retirement accounts and non-vested RSU accounts do not qualify. This is not intended as an exhaustive list of eligible or ineligible accounts, which are subject to change; please talk with a Home Lending Advisor.
Chase reserves the right to amend, terminate or withdraw the rate discount at any time without prior notice. Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit and home lending products provided by JPMorgan Chase Bank, N.A. Member FDIC.
J.P. Morgan Wealth Management is a business of JPMorgan Chase Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase Co. Products not available in all states.