What is the difference between a jumbo mortgage and a regular mortgage?
The primary difference between a jumbo mortgage and regular mortgage is the size of the loan. This can vary depending upon a number of factors discussed througout the pages of this site. The typical jumbo mortgage loan starts $359,000.
How are jumbo mortgage rates determined?
Jumbo mortgage rates are influenced by the same set of factors as other loan instruments; primarily the federal funds rate. Length of the loan along with the type of jumbo mortgage product selected will also influence rates. Additionally, a borrowers credit score can have a meaningful influence on any rates offered by financial institutions.
How do I apply for a jumbo home loan?
You may wish to contact your local bank. There are also a variety of lenders on the internet that allow you to fill out a jumbo loan application directly on their website. Quick response times are typical for the industry.
Do you supply a list of recommenced mortgage lenders?
While we do not supply a list of recommended lenders, we can help guide you in the right direction. We encourage you to use the 'ask us about jumbo loans' link located on the left hand navigation and Jumbo Specialists will be happy to assist you.
What if my question was not answer here?
While we would like to answer every possible question on this website, Jumbo Specialists realizes this is not possible. For answers to questions not answered here or anywhere else on our site, please ask us about jumbo loans.