[vc_row][vc_column][title type=”h1″ align=”center”]Now offering Jumbo Mortgages for little as 10.01% down-payment for borrowers who qualify.[/title][spacer][vc_column_text css=”.vc_custom_1655243494767{background-color: #eff3ff !important;}”][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]

Prime Jumbo Mortgage available up to $2 million loan amount

  • No mortgage insurance
  • Minimum credit score 680
  • Minimum loan amount is $1 greater than the county Conventional loan limit
  • Required reserves follow Conventional requirements
    (lower required reserves than many Jumbo loans)
  • Primary and second homes
  • Refinance opportunities also available
  • Fast closings – typically 25 days or less

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The interest rate is based on the purchase of a single-family primary residence, 10.01% down, 30-year fixed mortgage, based on a 30-day rate lock period. The rate assumes a credit score of 780. The APR includes .255% discount point as an upfront cost to borrowers.

Rates, terms and fees, as of 3/19/21 at 9:15 am PDT and are subject to change without notice.

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House ChecklistGet Your Personalized Jumbo Interest Rate Quote Now

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][title type=”h2″ align=”center”]This Jumbo program isn’t just for million dollar properties!

Read this Case Study that shows how the new Jumbo mortgage helped first-time buyers.[/title][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Background: The maximum conventional loan varies by county and there can be significant differences.  An example is Northern California is the difference between Contra Costa county and the adjoining Solano county.  Contra Costa county’s maximum conventional loan for 2022 is $970,800 and Solano county’s maximum loan is $647,200

Case Study:

First-time buyers approved for a $750,000 sales price with 10% down, $75,000, struggled to find a home that was large enough for their needs.  Without knowing the difference in the maximum conventional loan by county, they found the perfect home 6 miles away in Benicia, Solano county, for $750,000.  Good news, right?  Then they learned that the down-payment would be $102,800 because the maximum conventional loan in Solano county is $647,200

The new Jumbo mortgage program is the solution!  The minimum downpayment for the Jumbo loan is 10.01% regardless of county!

The Result:

  • The down payment for these buyers’ dream home is back to rational at $75,075, only $75 more than they would pay for a conventional loan Contra Costa county.
  • Equally great, the Jumbo mortgage program generally requires two months reserves (it may vary a bit up or down based on the overall credit profile) compared to many Jumbo loans that require first-time buyers to have 12-24 months reserves remaining in the bank after buying the home (that’s a LOT of money).
  • Finally, they purchased a larger home that completely met their wish list!

 

Happy ending!

Let’s talk about your home-buying needs and goals!  Request a Custom Quote, Schedule a no-obligation Phone Consultation or Apply online!  All the links are on the right side of the page.[/vc_column_text][/vc_column][/vc_row]