Super Jumbo Loan Rates

Lenders internally determine where they set classifications. In many parts of the country $1,000,000 is the demarcation line, but in wealthy areas the floor for super jumbo might be closer to $1,500,000 or $2,000,000. Jumbo Rates vs Conforming Mortgage Rates. Jumbo mortgages have higher risk to the lender and lower liquidity in the marketplace.

Super Jumbo Mortgage RatesAs with a cup of coffee, you can expect to pay more for a jumbo or a super-jumbo size. "A jumbo loan traditionally will run a quarter of a point higher than the interest rate on a conforming loan. So …

… allow the lender to give the consumer a jumbo program — meaning more affordable rates and fees — on any loan size bigger than $417,000, even on super conforming loans! If you plan to mortgage comp…

Super Jumbo Loans. Offering super jumbo loans up to $5 million. OneWest Bank excels in large balance mortgages, including super jumbo loans.

A mortgage is generally considered a Jumbo Loan when it exceeds the conforming loan limit, $453,100 in most U.S countries, set by Fannie Mae and Freddie Mac. Super Jumbo Loans usually include mortgage amounts over $1 million .

Mortgages in these higher cost areas that exceed the standard conforming limit but are less than the local GSE limit are called jumbo conforming or super conforming loans. These loans will have rates …

Super Jumbo Mortgage Lenders … allow the lender to give the consumer a jumbo program — meaning more affordable rates and fees — on
Super Jumbo Loan Lenders Jumbo Loans. Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as ‘jumbo’ loans.