4 ms·
Weird thing is, over the past year to 18 months, Jumbo loans have generally been LOWER in rates than conforming loans for well qualified (80% LTV or less, 720+
by sgerenser 3y ago
Weird thing is, over the past year to 18 months, Jumbo loans have generally been LOWER in rates than conforming loans for well qualified (80% LTV or less, 720+ credit score) buyers. I know this because I bought a house towards the end of 2022, and I actually had to put less than 20% down so I could qualify for a Jumbo loan, because the rate was a full 75 basis points lower than the conforming loan (at least at my credit union, but the spread was similar at many banks/brokers I shopped).