You'll pay more for a big home nowadays, but a big mortgage should be less of a reach.
For the first time in over 20 years, rates on jumbo mortgages -- loans of more than $417,000, or $625,500 in pricier areas -- are at or below rates on conventional mortgages. Jumbo rates usually run one-quarter to one-half of a percentage point higher, but lenders eager for wealthier customers are making deals.
In 2013, Wells Fargo and Bank of America cut minimum down payments to 15% from 20%; some competitors did too.
Related: What will your mortgage payment be?
"It's a good time to be a jumbo borrower," says Guy Cecala, CEO of Inside Mortgage Finance.
Want a large loan?
Big banks have the best rates; you'll need a 740 credit score or higher to snag them, says Keith Gumbinger of mortgage data provider HSH.
Related: Rich people are getting mortgages cheaper than you
Currently, rates for a 30-year fixed jumbo are averaging 4.25%, compared to 4.35% for a conventional 30-year fixed-rate mortgage. For ultralow rates, check out adjustable-rate jumbos: Wells Fargo recently offered a five-year adjustable for 2.375%. Get an ARM, though, only if you expect to move on during the fixed period. 
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