Nonconforming loans, also called jumbo loans, often have interest rates that
are higher than conforming loan rates but offer greater flexibility for loan
amounts.
Jumbo Rates
3 YR ARM Conforming Loans Up to $322K
Notes:
Owner occupied. Tax impounds required. No impound add .25 points. Cash out
add .25 points. Over $500K add .750 point. Over $650K add 1.00 point. Call for
pricing for LTV higher than 70% . See notes and comments below.
Rate
Point
APR
6.250
0.875
6.250
3 YR ARM Jumbo Loans Over $322K
Notes:
Owner occupied. Tax impounds required. No impound add .25 points. Over
$500K add .750 point. Over $650K add 1.00 point. For cash out add .25 points to
the fees or .125 to rate. Call for pricing for LTV higher than 70% . See notes
and comments below.
Rate
Point
APR
5.750
0.000
5.750
Rates are subject to change without notice and often updated throughout the
day.
Rate and fees will be higher for the following loans: Cash out loans,
Investment property loans, 2-4 Family dwellings, High Rise CONDO's, FICO's less
than 720.
FNMA guidelines have changed for refinances above 70% LTV that involve payoff
of equity lines of credit and seconds. These loans may be considered cash out
even though borrower does not receive any cash at closing.
