Jumbo mortgage loans in San Jose, California
Jumbo mortgages are for larger loan amounts not covered by conforming loan limits. We offer flexible loan terms including fixed-rate, adjustable-rate and interest-only for purchasing or refinancing a home.
Our Chase Closing Guarantee promises a closing in as soon as three weeks or you'll get $2,500.
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.
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.
The pros at NerdWallet.com have recognized us as one of their 2021 Best-of Jumbo Loans Award winners.
Experience means a lot when you're purchasing or refinancing a home for a larger amount. Get a customized rate and payment estimate from our home lending professionals, online tools and calculators.
Jumbo loans help prospective buyers purchase homes above FHFA limits. A qualified home advisor can help you through the jumbo mortgage application process.
Jumbo loans are different from conventional ones. Learn what a jumbo mortgage is, common jumbo loan definitions and how you can qualify for one.
To get a jumbo loan, you need to meet certain requirements and provide proof in the form of documents and appraisals. Find out if you qualify for a jumbo mortgage.
Eyeing a jumbo mortgage? It starts with financial preparedness. If you need a jumbo loan, learn what you need to get financially prepared.
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
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
We update our interest rate table daily. Use the above rate tool to find the current jumbo loan rates in San Jose, California.
1Loans 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). Geographic and product restrictions apply.
Jumbo loans up to $3 million. Investment properties are eligible for up to $1 million loan amounts.
2The Chase Closing Guarantee offers assurance to customers purchasing a home with a Chase mortgage that the loan will close on or before the Contract Closing Date, or the customer will receive monetary compensation in the form of a check, post-closing.
Eligibility: To be eligible for the Chase Closing Guarantee, the customer must (1) Complete a mortgage application online, by telephone, or face-to-face. (2) Provide all requested supporting documentation including income/asset documents needed to make a loan decision and signed disclosures. (3) Provide a fully-executed purchase contract which must include all pages, addendums, and required signatures. (4) Closing Date: This offer is only available for new, residential first-lien loan applications submitted directly to Chase. If obtaining conventional financing, the contract closing date must be at least 21 calendar days after receipt of a completed mortgage application, supporting documents, and a fully-executed purchase contract. If obtaining FHA or VA financing, the contract closing date must be at least 30 calendar days after receipt of a completed mortgage application, supporting documents, and a fully-executed purchase contract. For required FHA/VA final inspection for new construction or specific home repairs, Chase guarantees closing within 5 business days from receipt of satisfactory final inspection or satisfactory proof of final repairs. (5) Conventional Final Inspection for New Construction: For any property that receives an initial appraisal subject to repairs/completion, a final inspection will be required. Chase guarantees closing within 3 business days of receipt of a satisfactory final inspection. (6) Condo must be FHA or VA (as applicable) approved at application submission. (7) Conventional Purchase applications with a property address received on or after February 4, 2019 are eligible for the Chase Closing Guarantee. (8) FHA/VA Purchase applications with a property address received on or after April 9, 2021 are eligible for the Chase Purchase Closing Guarantee.
Ineligibility: The Chase Closing Guarantee will not apply in any of the following cases: (1) Refinances. (2) Customer or seller-initiated changes to the original closing date documented in the purchase agreement. (3) The following customer or seller-initiated changes within 10 days of closing: loan amount, product, contract terms, interest rate and initial rate locks. (4) Closing date extensions due to a delay in completion of new construction, improvements, or repairs being made to the subject property. (5) Failure by either party to meet contract terms and requirements, including seller-related delays. (6) Transactions involving Cooperative projects (Co-ops), Consolidation, Extension and Modification Agreements (CEMAs), or loan amounts $2M or greater requiring two or more appraisals. (7) Delays due to force majeure events, including weather or natural disaster. (8) Delays caused by third parties other than Chase required service providers. (9) Delays due to customer’s failure to respond to Chase requests within 2 business days. (10) Delays due to non-arm’s length transactions (a purchase transaction in which a direct personal, financial or business relationship exists among any of the parties to the transaction). Chase reserves the right to amend, terminate, or withdraw the Chase Closing Guarantee at any time without prior notice.
Credit Card Point awards, grants, cash back, 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 received from Chase and we may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) for the year in which you participate and are awarded the benefits of the program. You are responsible for any tax liability related to participating in the program. You are responsible for any tax liability related to participating in the program. Please consult your tax advisor if you have any questions about your personal tax situation.
3a. Chase Private Client Mortgage Processing Fee
Chase Home Lending offers $500 off of the processing fee for Chase Private Clients with combined assets of $150,000 – $499,999 in eligible Chase deposit and/or J.P. Morgan Wealth Management accounts or waiver of the entire processing fee (up to $1,150 for most loans) for $500,000+ in such eligible accounts. These fee savings apply to the full spectrum of residential mortgage types, including fixed- and adjustable-rate products for jumbo and conforming mortgages.
b. Relationship Pricing Program
Under the Relationship Pricing Program, participating customers who have at least $500,000 in eligible Chase and J.P. Morgan deposit accounts and/or J.P. Morgan Wealth Management accounts can save 0.125% off the standard rate. Participating customers with over $1 million can save 0.25%.
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 respectively; and the mortgage loan amount. Rate discount is limited to one mortgage loan per customer. The maximum rate discount for all programs combined (including employee mortgage rate discounts) is 0.5%.
c. Account Eligibility
Qualifying personal banking and/or investment balances will be used in determining the appropriate mortgage rate discount or processing fee waiver. However, business, deferred compensation, student, custodial, 529b college savings, donor-advised funds, select retirement accounts and non-vested RSU accounts do not qualify.
Benefit eligibility is based on mortgage loans with rates locked on or after April 12, 2021.
*Chase reserves the right to amend, terminate or withdraw processing fee and rate discount/waiver programs at any time without prior notice.
"Chase Private Client" is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking account.
Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit and home lending products offered 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 advisor, member FINRA and SIPC. Annuities 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.
INVESTMENT AND INSURANCE PRODUCTS ARE:
NOT A DEPOSIT · NOT FDIC INSURED · NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NO BANK GUARANTEE · MAY LOSE VALUE
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5The annual percentage rate (APR), is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate, any points, and mortgage insurance for FHA loans. It does not take into account the processing fee or any other loan specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary.
6The annual percentage rate (APR), is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate and any points. It does not take into account the processing fee or any other loan specific finance charges you may be required to pay. Rates are estimated by state and actual rates may vary.
7Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. Speak with a Chase Home Lending Advisor for more specific information. Message and data rates may apply from your service provider.
All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply.
Home lending products offered by JPMorgan Chase Bank, N.A.