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Jumbo Loans / Loans

Jumbo Loans are different from normal conforming loans basically becuase of the loan amount. Due to the higher amount (over $417,000), they are considered a different risk factor and are bought and sold in a different category. Qualifying for jumbo loans is usually a little different but sometimes even easier depending on the credentials of the borrower(s). Many lenders and Brokers usually charge more for thier jumbo loans. However, for us there are many times when we may be able to get the borrower(s) a lower rate than a normal conforming loan. Although the wholesale lenders usually pay the brokers less percentage for doing the jumbo loan, sometimes the higher loan amount will help to offset the difference in total gross revenue from the loan. In some cases, we may be able to offer our jumbo loans at better interest rates than conforming loans and still cover all of the closing costs. (APPLY NOW)

Take a look at our latest posted interest rates for our jumbo loans and cooresponding loan programs below. Please keep in mind that these are only base rates as most often everyones jumbo loan or any mortgage for that matter is as unique as a fingerprint due to the combination of factors that go into underwriting an pricing a jumbo loans. It is easy for us to give you an exact quote quickly by contacting us at 248-505-6926 or send us an email to info@interestrates.tv

JUMBO LOANS INTEREST RATES
(InterestRates are good for loan amounts over $417,000)

MORTGAGE PROGRAM RATES APR
30 YEAR FIXED RATE 8.5 8.5
15 YEAR FIXED RATE 8.0 8.0
3/1 JUMBO ARM 7.625 7.625
5/1 JUMBO ARM 7.875 7.875
3/1 ARM INTEREST ONLY 8.125 8.125
5/1 ARM INTEREST ONLY 8.25 8.25

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Disclaimer: Jumbo Loans Interest Rates change often and therefore are subject to change without notice. APRs are calculated as if the loan funded on the last day of the month with zero closing costs.These rates include putting the required amount as a down payment (Contact Us)

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