Jumbo Mortgages

Jumbo Mortgages are mortgages with a loan amount above conforming or conventional loan limits. Today the limit for a conventional mortgage loan is under $417,000. If your first mortgage exceeds $417,000, then you will need a Jumbo mortgage loan. The average interest rates for jumbo mortgages are different than programs for a conventional mortgage. When a lender computes the jumbo loan rates they look at the amount of mortgage, the amount of owner equity and credit to determine the eligible programs.

Lenders view a jumbo mortgage as higher risk and in most cases will require stricter guidelines to protect their position. A good jumbo loan program will fit your needs to a 15 or 30 year term and will match a program to fit you loan criteria.

RefinancingUSA.com has a diversity of jumbo mortgage programs ranging from fixed to adjustable and interest only jumbo mortgages. We specialize in self employed, stated income, no-income or fully verified wage earners.