What are jumbo loans and are they still available? by gerralddavis4500 from New York City, New York. Jan 24th 2011
			
			
						
				Thomas Butts (tm_butts)
			
			Yes there are still lenders offering Jumbo loans and guidelines will vary per lender. General rule of thumb now is you would have to have a 15-20% down payment to get a Jumbo loan these days. You should be able to get 30-15 year fixed rates and 3 year arms to 10 year arms. Hope that helps!
			
			
						
				Dan Paladin (dpaladin)
			
			Jumbo loans are still readily available and there is a slight difference based on where you are...typically loans over $417K are considered jumbo UNLESS you are in a high cost state such as Ca., Hawaii...Alaska....we have an extra category of conforming jumbo up to $729,750 depending on which county you are in...anything over that amount is a jumbo loan...feel free to contact me for a no obligation loan consultation...
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