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Finding the right JUMBO loan is never as easy as just finding a
local lender. With hundreds of JUMBO mortgage products are available,
we can help you get the mortgage that is right for you.
To learn more about the products available and current interest
rates in today's jumbo loan marketplace, Simply complete the "Free
Loan Quote". Our Jumbo loan specialists will provide you with programs, rates and offers.
We are the lender, not a referral service!
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Jumbo Loan Overview
Jumbo loans are a mortgage with a
loan amount above conventional mortgage limits. Jumbo
Mortgages take affect when the agency
Fannie Mae (FNMA) and
Freddie Mac loan limits don't cover the full amount to be
borrowed. Fannie Mae and Freddie Mac are private
organizations that purchase the majority of mortgages in the
country. A limit is set on the maximum dollar value of any
mortgage which they will purchase from a lender. As of now,
the current limit is $333,700. This leaves a large gap for
people looking to borrow above conventional loan limits.
Large private investors such as insurance companies and
securities fill the void by purchasing large loan notes as
secure investment. Generally speaking jumbo loan rates are
slightly higher than conforming loan interest rates since
there is a greater risk involved for the investor. Contrary
to popular belief FHA does
not offer jumbo loans. To see
loan limits click here.
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All of us at `Jumbo Loan Rates` are
dedicated to helping new and existing homeowners achieve the
best mortgage solutions for people whom seek large loan
amounts that fall within the jumbo category. By providing
unbiased information on loans and current mortgage
interest rate , we are
glad to provide you with these resources.