Rates starting at % (APR
%)¹
A Jumbo Loan is also known as a non-conforming loan as it does not conform to the specific rules of either Fannie Mae or Freddie Mac, two government agencies that guarantee loans. Specifically, there is a max limit that can vary depending on the location of the property. For 2023, if your loan is above $726,200, you likely would need a Jumbo Loan.
What is a Jumbo Fixed-Rate Mortgage?
With a fixed-rate Jumbo Mortgage, your interest rate stays the same for the life of the loan (or term). Your interest rate will not change.
What is a Jumbo Adjustable-Rate Mortgage?
An Adjustable-Rate Mortgage (ARM) has an introductory period with a lower interest rate than a fixed-rate mortgage. After the introductory period has expired, the rate can move up or down with market changes.
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1Rates are updated daily at 10:15am EST. The advertised rates and points are subject to change. The information provided is based on discount point, which equals
percent of the loan amount, and assumes the purpose of the loan is to purchase a property with a 30-year, non-conforming, fixed-rate loan. Loan amount of $1,009,000; loan-to-value ratio of 70%; credit score of 760; and DTI of 18% or less. The property is an existing single-family home and will be used as a primary residence. The advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including your credit history, loan amount, down payment, and our internal credit criteria. Other rates, points, and terms may be available. All loans are subject to credit and property approval.