Best Jumbo Loan Lenders in Austin, TX

Austin, once known for its live music scene and college-town energy, has evolved into a major destination for technology companies, high-income professionals relocating from California and New York, and families drawn by strong schools, energetic culture and no state income tax.

During the pandemic, Austin became one of the most competitive housing markets in the country, with aggressive bidding wars and rapid price appreciation pushing many homes well into jumbo territory. Since then, the market has cooled meaningfully. Inventory has improved, price growth has stabilized, and buyers—particularly jumbo buyers—now have more leverage than they did just a few years ago.

Austin remains competitive, but today’s environment presents real opportunities for well-prepared buyers. Sellers are more negotiable, concessions are back on the table in many cases, and financing strategy can make a meaningful difference in securing favorable terms on higher-priced homes.

Luxury neighborhoods like Westlake, Tarrytown, Barton Creek, Lake Travis, and downtown condo corridors now routinely see home prices far above conforming loan limits. In many cases, homes move into jumbo territory simply by being well located, updated, or newly constructed.

That reality raises an important question for buyers and homeowners alike: who are the best jumbo loan lenders in Austin who can structure your loan correctly and actually close? The best jumbo loan lenders in Austin are not simply the ones advertising the lowest rate. They are the ones that understand Texas property taxes, appraisal dynamics, insurance requirements, and jumbo underwriting well enough to prevent surprises.

Below is a curated list of the best jumbo loan lenders in Austin, Texas. The list includes a mix of mortgage brokers, banks, credit unions, and direct lenders. LendFriend Mortgage is ranked #1 for clear reasons.

LendFriend Mortgage

LendFriend Mortgage earns the top spot because it combines deep Austin roots with the flexibility required to structure jumbo loans correctly across Texas. Co-founded by Eric and Michael Bernstein and headquartered in downtown Austin, the LendFriend team has spent years financing high-value homes throughout Central Texas.

That local expertise matters in jumbo lending. Texas property taxes, large insurance escrows, condo requirements, and fast-moving purchase timelines can quietly derail deals if they are not addressed early.

As a mortgage broker, LendFriend is not limited to a single bank’s jumbo guidelines. Loans are structured around the borrower, not forced into one rigid box. This flexibility allows access to a broader range of jumbo and non‑QM loan solutions, including self‑employed mortgages, bank statement loans, asset depletion loans, and other innovative alternative income or asset-based qualification options like crypto-backed mortgages.

LendFriend works extensively with tech professionals using equity compensation, business owners with variable income, and high-net-worth buyers who want competitive jumbo pricing without sacrificing flexibility. Whether it is a primary residence, second home, or investment property, income, assets, property eligibility, insurance, and timing are all validated before a buyer goes under contract.

That upfront approach is why LendFriend Mortgage has originated more than $1 billion in home loans in recent years and consistently delivers on-time jumbo closings in competitive Texas markets.

For Austin buyers or homeowners who want one lender capable of handling everything from clean W‑2 jumbo loans to highly customized asset-driven transactions, LendFriend Mortgage stands apart.

Chase Bank

Chase remains a popular jumbo lender choice in Austin due to brand recognition, branch availability, and relationship-based pricing.

Borrowers who already bank with Chase or maintain Private Client relationships may receive rate discounts or reduced fees on jumbo mortgages. For high-net-worth households with established banking relationships, these incentives can be meaningful.

The trade-off is flexibility. Chase operates within a single jumbo framework. Income interpretation, reserve requirements, and property eligibility are tightly controlled, and exceptions are uncommon.

Chase is best suited for traditional borrowers who fit cleanly within standard jumbo guidelines and value the stability of a large national bank.

Guild Mortgage

Guild Mortgage offers a broad range of loan programs and maintains a strong local presence in the Austin market. This combination can appeal to buyers who want access to jumbo loans alongside conventional and government-backed options.

Guild is often a good fit for borrowers coordinating multiple transactions, transitioning from a sale, or exploring alternative programs if circumstances change mid-process.

While service is generally solid, pricing and turnaround times can vary depending on loan structure. Jumbo borrowers with complex income may find greater customization through a broker, but Guild remains a dependable option with local representation.

CMG Financial

CMG Financial has an established presence in the Austin market and is known for offering a broad range of jumbo and portfolio loan options.

The lender provides jumbo financing for primary residences and second homes, along with specialty programs that can accommodate more complex income or asset profiles when structured correctly. CMG is often used by buyers who want a balance between product variety and the support of a national lender with local loan officers.

As a retail lender, CMG may not always match broker-level pricing or flexibility, but its jumbo product depth, underwriting resources, and local execution make it a solid mid-tier option for Austin buyers who fit within its guidelines.

Bank of America

Bank of America attracts jumbo borrowers who maintain significant assets within its ecosystem. Preferred Rewards and wealth management relationships can reduce origination costs and improve loan terms.

The bank comfortably handles very large loan amounts and luxury properties, particularly for borrowers with substantial liquidity and straightforward income profiles.

However, Bank of America applies strict underwriting standards and offers limited flexibility for non-traditional borrowers. It works best for high-asset clients who already bank with BofA and value centralized financial management.

Frost Bank

Frost Bank is a Texas-based institution with deep roots across the state and a strong presence in Austin’s high-end housing market.

Frost is well regarded for relationship-driven jumbo lending, particularly for buyers who value working with a local bank that understands Texas property taxes, insurance requirements, and luxury home transactions. The bank is comfortable financing large loan amounts and often appeals to executives, business owners, and long-term Texas residents.

The lending process is more traditional and relationship-oriented. Frost tends to favor borrowers with strong credit, stable income, and existing banking relationships. While flexibility is more limited than broker-based options, Frost Bank is a solid choice for borrowers who prioritize local decision-making and a Texas-first banking approach.

University Federal Credit Union (UFCU)

University Federal Credit Union (UFCU) is a well-known Austin-based credit union with a long history of serving Central Texas buyers.

UFCU offers jumbo loan options with competitive pricing and a member-focused approach. Borrowers who value local service and credit-union-style underwriting often find UFCU appealing, particularly for primary residences in the Austin area.

That said, jumbo guidelines tend to be more conservative than broker-based solutions. Loan structures are best suited for borrowers with traditional income, strong credit profiles, and straightforward property types. For Austin buyers who prefer to work with a local credit union and fit cleanly within standard jumbo parameters, UFCU remains a respected local option.

Final Thoughts

Jumbo loans are not simply larger mortgages. They require careful structuring, realistic underwriting expectations, and lenders who understand how small details affect approval.

In Austin’s competitive luxury market, lender experience matters. While many banks and national lenders offer jumbo loans, few combine flexibility, local expertise, and strategic execution the way LendFriend Mortgage does.

For buyers who want their financing to strengthen their offer rather than create risk, choosing the right jumbo lender is foundational.

Ready to explore your Jumbo options?  Schedule a call today or get in touch with me by completing this quick form and let's talk about your options for a jumbo loan.