Jumbo Loans
Nonconforming loans, also called jumbo loans, often have interest rates that
are higher than conforming loan rates but offer greater flexibility for loan
amounts.
Jumbo Rates
3 YR ARM Conforming Loans Up to $322K
|
Notes:
Owner occupied. Tax impounds required. No impound add .25 points. Cash out
add .25 points. Over $500K add .750 point. Over $650K add 1.00 point. Call for
pricing for LTV higher than 70% . See notes and comments below.
|
Rate
|
Point
|
APR
|
6.250
|
0.875
|
6.250
|
3 YR ARM Jumbo Loans Over $322K
|
Notes:
Owner occupied. Tax impounds required. No impound add .25 points. Over
$500K add .750 point. Over $650K add 1.00 point. For cash out add .25 points to
the fees or .125 to rate. Call for pricing for LTV higher than 70% . See notes
and comments below.
|
Rate
|
Point
|
APR
|
5.750
|
0.000
|
5.750
|
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Rates are subject to change without notice and often updated throughout the
day.
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Rate and fees will be higher for the following loans: Cash out loans,
Investment property loans, 2-4 Family dwellings, High Rise CONDO's, FICO's less
than 720.
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FNMA guidelines have changed for refinances above 70% LTV that involve payoff
of equity lines of credit and seconds. These loans may be considered cash out
even though borrower does not receive any cash at closing.
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