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How can i get the best rates on a 30 year jumbo loan?

california area, looking for 4-5% interest rate..about $250,000 by rosabern78230413 from Newport Coast, California. Mar 26th 2015 Reply


Crestico Funding (CresticoFunding)
#313 ranked lender in California - 337 contributions

Rosabern,Based on the information you provided it is possible to get a rate on the low 4's depending on the following, Property Value, Credit History and Occupancy Type. if you need a more accurate rate please contact our office at 818-784-2929 ext. 4748

Mar 26th 2015
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Larry Gray (lgray_312_247)
#593 ranked lender in California - 1,139 contributions

I suspect you are looking for a home in Orange County, CA and thus you need a jumbo loan? You say $250,000 but that is well below the $417,000 maximum conforming loan amount. There is also a jumbo version of that loan temporarily put in to place for "higher priced" areas as can be found in California and Hawaii. It canallow for low rates..often just an eighth higher than on a conforming loan! However,with rates as low as they are with us and other discount lenders regular jumbo and super jumbo rates can seem very, very good! Otherwise, note you should keep all your financial paperwork in order, pay everything on time while keeping revolving debt all much lower than the maximum allowable for each revolving charge card, and save, save, save! We provide down payment assistance programs for qualified borrowers, lender credit towards closing costs in many instances, and sellers can sometimes contribute to closing costs but you can never save too much to have necessary reserves as well as money for down payment and closing costs.

Mar 26th 2015
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Esta Hoffman (esta@estaglen.com)
#332 ranked lender in California - 35 contributions

I guess my question is if you are looking for $250,000, why are you looking for jumbo? that is conforming. That being said, there is also conforming high balance. That limit is determined by County. And finally, jumbo pricing varies from investor to investor depending on LTV and credit score, primarily. A lender, such as myself, has access to number jumbo investors. I compare the parameters with each investor to determine who has the best pricing for that particular set of circumstances. if you would like more information, I am happy to assist! Esta Hoffman 707 328-2864

Mar 26th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Jumbo loan limits are loan amounts over $417,000.. so $250,000 put you within conforming loan limits.. regarding a rate quote,,, No loan officer with any integrity would ever quote a rate without knowing all the details. Not only is it unethical, but if not quoted correctly, it can be illegal, and anyone willing to quote you without knowing all the loan parameters is probably someone you should avoid using.. you would be setting yourself up for disappointment. Credit, credit score, income, debt, debt to income ratio's, derogatory credit, loan to value, property type, etc.. so much info is necessary to determine what the rate is that it's impossible to quote without looking at the complete loan scenario.. Let me say this.. rates are low.. really low, so if your thinking about buying or refinancing, you should do it now.. and to start, you should contact a local mortgage broker.. apply with them and let them give you exact numbers rather than a guess.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 26th 2015
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Visit MortgageWholesale dot com. They can help!

Mar 30th 2015
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Dave Skow (daveskow)
#16 ranked lender in Washington - 262 contributions

Best thing to do is contact several loan officers / lenders ....ask them for quotes using the same exact parameters and ask them to forward you a " worksheet " that summarizes their quote ....compare ......decide to proceed with the loan pre approval process with whomever you feel most comfortable with and that provides you with the best customer service ...thanks and all the best ...Dave Skow ...Eagle Home Mortgage 206 714 9745 daveskow@eaglehm.com

Mar 31st 2015
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