Jumbo Loans

Jumbo mortgages are a completely different category of home mortgages. Currently we have excellent jumbo pricing in the 3’s. Jumbo mortgages are used when the loan amount is over $647,200

Usually guidelines are a tad tighter compared to conforming loans (under $548,250) because there is more of a risk for the lender.

Guidelines usually require at least a 700 median credit score  with proof of income and 10-12 months reserves after closing

Main Street vs Wall Street

In 2020 many hedge funds stopped offering the Jumbo mortgage because there was plenty of uncertainty due to the economic affects of the corona-virus. 

In 2021 my favorite lender and also the largest wholesale lender in the country has come out with a great jumbo at excellent pricing.

Anyone holding a jumbo loan should be looking at a mortgage tune up in 2021. All that I need to know, to show you the savings, is your current mortgage balance and current interest rate.


If you need a loan less than $548,250.01 please look at conforming loans

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