Super Jumbo Mortgage Rates have recently ticked down just a bit, giving hope that we have seen the end of the tightening of the secondary market. At First Interstate Financial, we have several investors who will underwrite and fund loans with competitive Super Jumbo Mortgage Rates. Our secondary marketing department is always on the lookout for the best loan programs available.
Rates and terms vary with larger loans, as no two super jumbo loans are the same. In most of our market area we can offer intermediate term adjustable rate mortgage loans (5 and 7 year ARMS) with rates varying from as low as the mid 4 percent range to low 5 percent range. Fixed rate programs are available in some market areas as well. To qualify for the best Super Jumbo Mortgage Rates, consult with an experienced mortgage professional who has experience in closing super jumbo mortgage loans. I am always available to schedule a no-obligation, no-cost consultation to see if any of our mortgage programs may be a good fit for you. My goal is to customize a loan program to give you the best available Super Jumbo Mortgage Rates.
Super Jumbo Mortgage Rates are for loan amounts typically of $1,000,000 to $10,000,000 or more, and are generally available only for Owner-Occupied properties and/or second homes. Typically one should have stellar credit, some liquid asset reserves, and verifiable income in order to qualify for Super Jumbo Mortgage Rates. Be prepared for a review appraisal to be performed on your property and in many cases a full second appraisal may be done to ascertain the value of your property.
Now is still an excellent opportunity to take advantage of low Super Jumbo Mortgage Rates for purchases or refinancing.
Michael Byrne
First Interstate Financial Corp.
908-531-6170 Phone
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* Not a commitment to lend. Rates subject to change without notice. Equal Housing Lender. Terms may vary by market area. Not all programs offered in all licensed areas. Licensed in CA,CO,CT,DE,FL,GA,MA,MI,MO, MT, NJ, NY,PA,TX,SC,VA
Michael Byrne
Mortgage Specialist
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Super Jumbo Rates are hard to come by, I will keep your information handy. Every so often I come accross someone needing a super jumbo. What LTVs are available on the REFIs? I had someone asking me the other day?
Patricia, our Loan to vlaues range from 50-80% on Super Jumbo Loans. In California, I would suspect themax loan to values to be closer to 50%.