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what is the current JUMBO rate in NC, Charlotte suburbs?

by Ah_hutton827 from Charlotte, North Carolina. 20 days ago Reply


I would be happy to answer your question Andrew414.416.9194

19 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,703 contributions

Soooo much more info needed to answer your question.. Understand that Jumbo financing is not a "Conforming" loan product.. meaning that each lender that offers Jumbo can have their own rules... Jumbo financing steps in when the loan amount is larger than the conforming loan limits for your area.. ($484,350). Some lenders offer lower down payments, such as 10% down up to $750K... but like with any loan product, the rate changes with the amount you are financing, your credit scores, the loan to value, the property type, etc.. without all that info, its impossible to answer your question. The best advice I can give you is to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

17 days ago
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