A 760 score places you in the 'exceptional credit' category — the highest tier most lenders recognize. You qualify for the absolute best interest rates, the lowest PMI costs (if applicable), the most favorable loan terms, and the fastest approvals. Lenders view you as an extremely low-risk borrower, which gives you significant negotiating leverage on rates, fees, and loan structure.

Not necessarily. With a 760 score, your PMI rates are so low that it may be more financially advantageous to make a smaller down payment and invest the difference. For example, PMI on a $400,000 loan at 5% down might be only $50-$75 per month, while investing the additional $60,000 in down payment could generate returns that far exceed the PMI cost. An NMHL advisor can model both scenarios.

At 760, you receive elite jumbo loan pricing. Interest rates are at their lowest, down payment requirements may be reduced to 10% (versus 20% at lower scores), reserve requirements may be relaxed, and you may access exclusive products like interest-only payment periods or ARM products with favorable adjustment caps. Your exceptional credit makes you the ideal jumbo borrower.

With a 760 score, focus on: (1) Closing costs and origination fees — these vary more than rates at this credit tier. (2) Lender credits — many lenders offer credits to win your business. (3) Loan structure flexibility — interest-only options, ARM choices, etc. (4) Service quality and closing speed. (5) Rate lock policies. NMHL negotiates with multiple lenders on your behalf to maximize your benefits.