5 Best Jumbo Loans in Texas


Jumbo mortgage loans in Texas are a great way to finance larger home purchases.

Key Terms

  • Jumbo home loans are a type of loan that offer Texans higher limits than the ones they will find on conventional loans.
  • You can often put down a much smaller down payment with these loans.
  • It would take several conventional loans to give you as much purchasing power as a single jumbo loan.

Known far and wide as the Lone Star State, Texas is arguably the most iconic state in the union. Texas is part of the fabric of American mythology, with its wide desert landscapes, cowboy culture and rugged approach to life. Life in the state has evolved into a diverse set of stories that go far beyond those classic archetypes, offering a great quality of life from the flatlands of Amarillo to the city life of Houston and urban landscapes of Dallas. 

Wherever you settle in Texas, you may be faced with one trouble in finding a new home— the rising price tag on many homes. According to the Texas Association of Realtors, the average sales price for a home in Texas is $236,092. While this is below conventional limits, many growing regions of Texas have high property value that pushes past those limits. For those reasons and more, many Texans are turning to jumbo loans. 

For the most recent year, the HDMA data places Texas 3rd in the country in terms of mortgage origination activity, with a total of $31.69 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Texas, you’ll be among good company.

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What is the jumbo loan limit in Texas?

The jumbo loan limit in Texas is $647,200 for all counties in the state. Any loan that exceeds $647,200 is a jumbo loan in the state of Texas. Any loan that is less than $647,200 is a conforming loan in the state of Texas.

Texas Jumbo Loan Limits (October 2022)

Texas county-by-county jumbo loan, conforming loan and FHA loan limits.

Texas
County
Texas
Jumbo loan
(1-unit)
Texas
Conforming
loan limit
(1-unit)
Texas
FHA loan limit
(1-unit)
Anderson$647,200+$647,200 $420,680
Andrews$647,200+$647,200 $420,680
Angelina$647,200+$647,200 $420,680
Aransas$647,200+$647,200 $420,680
Archer$647,200+$647,200 $420,680
Armstrong$647,200+$647,200 $420,680
Atascosa$647,200+$647,200 $393,300
Austin$647,200+$647,200 $420,680
Bailey$647,200+$647,200 $420,680
Bandera$647,200+$647,200 $393,300
Bastrop$647,200+$647,200 $404,800
Baylor$647,200+$647,200 $420,680
Bee$647,200+$647,200 $420,680
Bell$647,200+$647,200 $420,680
Bexar$647,200+$647,200 $393,300
Blanco$647,200+$647,200 $420,680
Borden$647,200+$647,200 $420,680
Bosque$647,200+$647,200 $420,680
Bowie$647,200+$647,200 $420,680
Brazoria$647,200+$647,200 $420,680
Brazos$647,200+$647,200 $420,680
Brewster$647,200+$647,200 $420,680
Briscoe$647,200+$647,200 $420,680
Brooks$647,200+$647,200 $420,680
Brown$647,200+$647,200 $420,680
Burleson$647,200+$647,200 $420,680
Burnet$647,200+$647,200 $420,680
Caldwell$647,200+$647,200 $404,800
Calhoun$647,200+$647,200 $420,680
Callahan$647,200+$647,200 $420,680
Cameron$647,200+$647,200 $420,680
Camp$647,200+$647,200 $420,680
Carson$647,200+$647,200 $420,680
Cass$647,200+$647,200 $420,680
Castro$647,200+$647,200 $420,680
Chambers$647,200+$647,200 $420,680
Cherokee$647,200+$647,200 $420,680
Childress$647,200+$647,200 $420,680
Clay$647,200+$647,200 $420,680
Cochran$647,200+$647,200 $420,680
Coke$647,200+$647,200 $420,680
Coleman$647,200+$647,200 $420,680
Collin$647,200+$647,200 $404,800
Collingsworth$647,200+$647,200 $420,680
Colorado$647,200+$647,200 $420,680
Comal$647,200+$647,200 $393,300
Comanche$647,200+$647,200 $420,680
Concho$647,200+$647,200 $420,680
Cooke$647,200+$647,200 $420,680
Coryell$647,200+$647,200 $420,680
Cottle$647,200+$647,200 $420,680
Crane$647,200+$647,200 $420,680
Crockett$647,200+$647,200 $420,680
Crosby$647,200+$647,200 $420,680
Culberson$647,200+$647,200 $420,680
Dallam$647,200+$647,200 $420,680
Dallas$647,200+$647,200 $404,800
Dawson$647,200+$647,200 $420,680
Deaf Smith$647,200+$647,200 $420,680
Delta$647,200+$647,200 $420,680
Denton$647,200+$647,200 $404,800
De Witt$647,200+$647,200 $420,680
Dickens$647,200+$647,200 $420,680
Dimmit$647,200+$647,200 $420,680
Donley$647,200+$647,200 $420,680
Duval$647,200+$647,200 $420,680
Eastland$647,200+$647,200 $420,680
Ector$647,200+$647,200 $420,680
Edwards$647,200+$647,200 $420,680
Ellis$647,200+$647,200 $404,800
El Paso$647,200+$647,200 $420,680
Erath$647,200+$647,200 $420,680
Falls$647,200+$647,200 $420,680
Fannin$647,200+$647,200 $420,680
Fayette$647,200+$647,200 $420,680
Fisher$647,200+$647,200 $420,680
Floyd$647,200+$647,200 $420,680
Foard$647,200+$647,200 $420,680
Fort Bend$647,200+$647,200 $420,680
Franklin$647,200+$647,200 $420,680
Freestone$647,200+$647,200 $420,680
Frio$647,200+$647,200 $420,680
Gaines$647,200+$647,200 $420,680
Galveston$647,200+$647,200 $420,680
Garza$647,200+$647,200 $420,680
Gillespie$647,200+$647,200 $420,680
Glasscock$647,200+$647,200 $420,680
Goliad$647,200+$647,200 $420,680
Gonzales$647,200+$647,200 $420,680
Gray$647,200+$647,200 $420,680
Grayson$647,200+$647,200 $420,680
Gregg$647,200+$647,200 $420,680
Grimes$647,200+$647,200 $420,680
Guadalupe$647,200+$647,200 $420,680
Hale$647,200+$647,200 $420,680
Hall$647,200+$647,200 $420,680
Hamilton$647,200+$647,200 $420,680
Hansford$647,200+$647,200 $420,680
Hardeman$647,200+$647,200 $420,680
Hardin$647,200+$647,200 $420,680
Harris$647,200+$647,200 $420,680
Harrison$647,200+$647,200 $420,680
Hartley$647,200+$647,200 $420,680
Haskell$647,200+$647,200 $420,680
Hays$647,200+$647,200 $404,800
Hemphill$647,200+$647,200 $420,680
Henderson$647,200+$647,200 $420,680
Hidalgo$647,200+$647,200 $420,680
Hill$647,200+$647,200 $420,680
Hockley$647,200+$647,200 $420,680
Hood$647,200+$647,200 $420,680
Hopkins$647,200+$647,200 $420,680
Houston$647,200+$647,200 $420,680
Howard$647,200+$647,200 $420,680
Hudspeth$647,200+$647,200 $420,680
Hunt$647,200+$647,200 $404,800
Hutchinson$647,200+$647,200 $420,680
Irion$647,200+$647,200 $420,680
Jack$647,200+$647,200 $420,680
Jackson$647,200+$647,200 $420,680
Jasper$647,200+$647,200 $420,680
Jeff Davis$647,200+$647,200 $420,680
Jefferson$647,200+$647,200 $420,680
Jim Hogg$647,200+$647,200 $420,680
Jim Wells$647,200+$647,200 $420,680
Johnson$647,200+$647,200 $404,800
Jones$647,200+$647,200 $420,680
Karnes$647,200+$647,200 $420,680
Kaufman$647,200+$647,200 $404,800
Kendall$647,200+$647,200 $420,680
Kenedy$647,200+$647,200 $420,680
Kent$647,200+$647,200 $420,680
Kerr$647,200+$647,200 $420,680
Kimble$647,200+$647,200 $420,680
King$647,200+$647,200 $420,680
Kinney$647,200+$647,200 $420,680
Kleberg$647,200+$647,200 $420,680
Knox$647,200+$647,200 $420,680
Lamar$647,200+$647,200 $420,680
Lamb$647,200+$647,200 $420,680
Lampasas$647,200+$647,200 $420,680
La Salle$647,200+$647,200 $420,680
Lavaca$647,200+$647,200 $420,680
Lee$647,200+$647,200 $420,680
Leon$647,200+$647,200 $420,680
Liberty$647,200+$647,200 $420,680
Limestone$647,200+$647,200 $420,680
Lipscomb$647,200+$647,200 $420,680
Live Oak$647,200+$647,200 $420,680
Llano$647,200+$647,200 $420,680
Loving$647,200+$647,200 $420,680
Lubbock$647,200+$647,200 $420,680
Lynn$647,200+$647,200 $420,680
Mcculloch$647,200+$647,200 $420,680
Mclennan$647,200+$647,200 $420,680
Mcmullen$647,200+$647,200 $420,680
Madison$647,200+$647,200 $420,680
Marion$647,200+$647,200 $420,680
Martin$647,200+$647,200 $341,550
Mason$647,200+$647,200 $420,680
Matagorda$647,200+$647,200 $420,680
Maverick$647,200+$647,200 $420,680
Medina$647,200+$647,200 $393,300
Menard$647,200+$647,200 $420,680
Midland$647,200+$647,200 $420,680
Milam$647,200+$647,200 $420,680
Mills$647,200+$647,200 $420,680
Mitchell$647,200+$647,200 $420,680
Montague$647,200+$647,200 $420,680
Montgomery$647,200+$647,200 $420,680
Moore$647,200+$647,200 $420,680
Morris$647,200+$647,200 $420,680
Motley$647,200+$647,200 $420,680
Nacogdoches$647,200+$647,200 $420,680
Navarro$647,200+$647,200 $420,680
Newton$647,200+$647,200 $420,680
Nolan$647,200+$647,200 $420,680
Nueces$647,200+$647,200 $420,680
Ochiltree$647,200+$647,200 $420,680
Oldham$647,200+$647,200 $420,680
Orange$647,200+$647,200 $420,680
Palo Pinto$647,200+$647,200 $420,680
Panola$647,200+$647,200 $420,680
Parker$647,200+$647,200 $404,800
Parmer$647,200+$647,200 $420,680
Pecos$647,200+$647,200 $420,680
Polk$647,200+$647,200 $420,680
Potter$647,200+$647,200 $420,680
Presidio$647,200+$647,200 $420,680
Rains$647,200+$647,200 $420,680
Randall$647,200+$647,200 $420,680
Reagan$647,200+$647,200 $420,680
Real$647,200+$647,200 $420,680
Red River$647,200+$647,200 $420,680
Reeves$647,200+$647,200 $420,680
Refugio$647,200+$647,200 $420,680
Roberts$647,200+$647,200 $420,680
Robertson$647,200+$647,200 $420,680
Rockwall$647,200+$647,200 $404,800
Runnels$647,200+$647,200 $420,680
Rusk$647,200+$647,200 $420,680
Sabine$647,200+$647,200 $420,680
San Augustine$647,200+$647,200 $420,680
San Jacinto$647,200+$647,200 $420,680
San Patricio$647,200+$647,200 $420,680
San Saba$647,200+$647,200 $420,680
Schleicher$647,200+$647,200 $420,680
Scurry$647,200+$647,200 $420,680
Shackelford$647,200+$647,200 $420,680
Shelby$647,200+$647,200 $420,680
Sherman$647,200+$647,200 $420,680
Smith$647,200+$647,200 $420,680
Somervell$647,200+$647,200 $420,680
Starr$647,200+$647,200 $420,680
Stephens$647,200+$647,200 $420,680
Sterling$647,200+$647,200 $420,680
Stonewall$647,200+$647,200 $420,680
Sutton$647,200+$647,200 $420,680
Swisher$647,200+$647,200 $420,680
Tarrant$647,200+$647,200 $404,800
Taylor$647,200+$647,200 $420,680
Terrell$647,200+$647,200 $420,680
Terry$647,200+$647,200 $420,680
Throckmorton$647,200+$647,200 $420,680
Titus$647,200+$647,200 $420,680
Tom Green$647,200+$647,200 $420,680
Travis$647,200+$647,200 $389,850
Trinity$647,200+$647,200 $420,680
Tyler$647,200+$647,200 $420,680
Upshur$647,200+$647,200 $420,680
Upton$647,200+$647,200 $420,680
Uvalde$647,200+$647,200 $420,680
Val Verde$647,200+$647,200 $420,680
Van Zandt$647,200+$647,200 $420,680
Victoria$647,200+$647,200 $420,680
Walker$647,200+$647,200 $420,680
Waller$647,200+$647,200 $420,680
Ward$647,200+$647,200 $420,680
Washington$647,200+$647,200 $420,680
Webb$647,200+$647,200 $420,680
Wharton$647,200+$647,200 $420,680
Wheeler$647,200+$647,200 $420,680
Wichita$647,200+$647,200 $420,680
Wilbarger$647,200+$647,200 $420,680
Willacy$647,200+$647,200 $420,680
Williamson$647,200+$647,200 $404,800
Wilson$647,200+$647,200 $393,300
Winkler$647,200+$647,200 $420,680
Wise$647,200+$647,200 $404,800
Wood$647,200+$647,200 $420,680
Yoakum$647,200+$647,200 $420,680
Young$647,200+$647,200 $420,680
Zapata$647,200+$647,200 $420,680
Zavala$647,200+$647,200 $420,680

Get Quotes for Your Jumbo Loan

5 Top Texas jumbo loan lenders

If you’re ready to look over the best jumbo loan lenders in Texas, here are some options to consider.

1. Chase Bank

JPMorgan Chase Bank is one of the oldest banks in the United States, tracing its roots back to the 18th-century and JP Morgan himself. As one of the Big Four banks, it’s not a surprise that they have a competitive jumbo mortgage program in addition to a variety of other financing options.

We contacted Chase Bank to get additional details about their jumbo mortgage. Here are some key terms and highlights:

  • Up to $3 million for a jumbo loan.
  • Banking customers might get discounted pricing up to 0.5% off standard rates.
  • $5,000 Closing Guarantee (either an on-time closing or you get $5,000).
  • Interest Only loan available for high-value, single-family primary or secondary home purchases.

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

2. Keybank

Keybank has over $170 billion in assets and is the 24th largest bank in the United States. They operate throughout 39 states but can originate mortgages in nearly all 50, making them a popular choice among borrowers throughout the country. One of their key financial products is a jumbo mortgage loan.

We contacted Keybank to learn more about their jumbo loan mortgage rates and here are the key terms and highlights:

SilverKey Mortgage

  • Loan amounts up to $3.5 million
  • 10% down up to $1.5 million
  • Fixed or variable rates available
  • No private mortgage insurance required, resulting in lower mortgage payments
  • Available for 1-to-4 unit properties, including single-family homes, condos or planned unit developments.

GoldKey Mortgage

  • Loan amounts up to $3.5 million
  • 10% down up to $1.5 million
  • Fixed or variable rates available
  • No private mortgage insurance required
  • Available for 1-to-4 unit properties, including single-family homes, condos or planned unit developments.
  • Available for second homes and investment properties.

Jumbo Interest-Only Mortgages

  • Loan amounts up to $3.5 million
  • 30% down on mortgages up to $1.5 million for primary residences
  • 35% down on mortgages up to $2 million for second homes
  • No private mortgage insurance required
  • ARM-only options

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

3. BMO Harris Bank

BMO Harris Bank is an established player in the mortgage industry that ranks 16th largest by total assets in the country. The bank offers a full range of financial products, including jumbo loans.

We spoke to a BMO Harris loan officer to get additional details about the jumbo loan options, many of which aren’t published. Here are some key terms and highlights:

  • 10% down to $1 million (740+ credit score)
  • 15% down to $1.5 million (720+ credit score)
  • 20% down to $2 million (700+ credit score)
  • 25% down to $3 million (700+ credit score)
  • 30% down to $5 million (700+ credit score)
  • 45% down over $5 million (700+ credit score)
  • 30/20/15/10 year fixed
  • 5/6, 7/6, and 10/6 ARMs
  • All 50 states
  • 12 months reserves

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

4. SoFI

SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.

We spoke to a loan officer at SoFi to discuss their jumbo loan rates and this is what we learned:

  • Loan amounts up to $3 million
  • Down payments start at 10% and increase as the loan amount increases.
  • No PMI, regardless of your down payment amount, resulting in lower monthly payments.
  • 15-year or 30-year fixed rate products available

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

5. Flagstar Bank

Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.

We reached out to a loan officer at Flagstar Bank to get details on their jumbo rates. Here are the highlights:

  • Loan amounts up to $3 million on primary residences
  • Loan amounts up to $2.5 million on second homes
  • Purchase and rate/term refinance options available on primary residences and second homes
  • No prepayment penalties
  • First-time homebuyers permitted
  • No mortgage insurance options available
  • Cash-out options available on primary residence

When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.

How jumbo loans are different from other loans in Texas

Texans buying homes are forced to balance spending more money to buy a new, lavish home or search for one that’s less expensive. Jumbo loans give you a different approach to financing a home. How? With their higher loan limits, they give you a way to buy more home without having to take out multiple loans. 

Consider the example of a Texan who wants to purchasing a home over $800,000 in a great Austin neighborhood with solid schools. Their only option with a conventional loan would be to take out two or more mortgages. An alternative would be to put down a big enough down payment so that the mortgage would be under the conforming limit in Texas. That’s a lot of cash to have upfront, causing many in Texas to turn to jumbo loans. 

Does a Texas jumbo loan make sense for you?

You’re much more likely to qualify for a Texas jumbo loan if you have a great credit score. That’s because they expose lenders to more risk. These loans come with more stringent requirements, making the approval and underwriting process longer.  If you have a great credit score and are fine with a longer approval process, a Texas jumbo loan makes sense. 

These loans also make sense for those who don’t want the complications of taking out and maintaining more than one mortgage. Although the approval process can be detailed with a jumbo loan, it can still be easier than going through several mortgage approval processes at once.

Keep in mind that conforming loan limits are set by the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, the two government-sponsored home loan companies that buy most of the home mortgages made in the U.S. from lenders and resell them to private investors.

If you’re looking to explore jumbo mortgage loans in other states, check out our national overview of jumbo loans as a starting point in your search.

Find a Jumbo Loan Specialist

Joshua Holt

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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