Jumbo Mortgages

Jumbo loans are available in both fixed-rates and ARMs. No Origination Fees BECU is excited to announce yet another way we can save our members’ money: NO origination fee on conventional fixed-rate or adjustable-rate mortgage home loans for purchase and refinance transactions *.

Jumbo loans are for mortgages with a loan amount that exceeds $484,350. In some areas the jumbo loan limit may be higher. There are several factors that affect whether you might require a jumbo loan.

Jumbo mortgages may be offered when the requested loan amount is larger than the limits set annually by the two major institutions in the secondary mortgage market, Fannie Mae and Freddie Mac. Sometimes also called "non-conforming" loans, jumbo mortgage loans may carry a slightly different set of rules and rates than traditional, or "conforming.

Jumbo Mortgages are popular loans, especially in areas with high housing prices . You can use a jumbo mortgage to buy or refinance a home. Most traditional.

Conforming Loan Vs Non Conforming Loan Conforming and conventional are two different terms used to describe mortgages that you can obtain to purchase a home. Their definitions aren’t mutually exclusive, so a mortgage could be both a conforming mortgage and a conventional mortgage, or it may only fit one definition or neither definition.Super Jumbo Loan Limits Jumbo / Super Jumbo Loans. Our jumbo loan options include flexible adjustable rate products with financing for loan amounts up to $7.5 million. Interest only options are available for qualified borrowers.

Jumbo mortgages can be used to buy a home with as little as 10.11% down, when subordinate financing is obtained, or 15% down with no additional financing. Ranges may vary based on loan details, consult a Mortgage Loan Officer for additional information.

Check out current jumbo mortgage rates and save money by comparing your free, customized jumbo loan rates from NerdWallet. We’ll show both current and historical mortgage rates.

Jumbo House Loan The Federal Housing Administration’s share of mortgage apps rose from. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) slightly.

The effective rate decreased from last week. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.37% from 4.45%, with.

*Jumbo mortgage loan .125% discount and low down payment available on purchases with as little as 5% down to $850,000 (95% financing) and 10% down (90% financing) between $850,001 and $1 million. Applies to jumbo fixed rate products only. Property must be owner-occupied and down payment must be from borrower’s own source of funds.

Jumbo Home Mortgage Financing. The home you’ve always dreamed of may be within reach. SunTrust Mortgage offers a variety of jumbo financing solutions (loan amounts over $484,350) that might fit your needs and here are just a few of our home loan options to help you compare.

The needs of every jumbo borrower are unique, and lenders who offer nonconforming loans can make their own rules based on how many investor funds they have access to. For example, one jumbo lender.