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jumbo loan

What are jumbo loans and are they still available? by gerralddavis4500 from New York City, New York. Jan 24th 2011 Reply


Thomas Butts (tm_butts)
#29 ranked lender in Colorado - 4 contributions

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!

Jan 24th 2011
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Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

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...

Jan 25th 2011
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