Peachtree City FHA VA USDA Mortgage Loans» Peachtree City Newnan Atlanta Georgia Mortgage Loans – FHA, USDA, Jumbo and Conforming – We lend in 50 States http://www.andersonlendinggroup.com Peachtree City Atlanta Georgia Mortgage Loans Fri, 19 Mar 2010 23:37:47 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Jumbo and Super Jumbo 5-year ARMS – HOT http://www.andersonlendinggroup.com/2009/04/19/jumbo-super-jumbo-5year-arms-hot/ http://www.andersonlendinggroup.com/2009/04/19/jumbo-super-jumbo-5year-arms-hot/#comments Mon, 20 Apr 2009 03:03:29 +0000 brian_alg http://www.andersonlendinggroup.com/?p=292 While the 30-year rates on jumbo and super jumbo loans are still north of 6%, ARMs are hot.  Depending on your time horizon, rates range from 3.25% to 5.75%.  The sweet spot is with the 5-year Arm between 417k and 1mm — 4.625% !!!

]]> http://www.andersonlendinggroup.com/2009/04/19/jumbo-super-jumbo-5year-arms-hot/feed/ 0 Super Jumbo Loans and Mortgage Rates http://www.andersonlendinggroup.com/2009/04/07/super-jumbo-loans-mortgage-rates/ http://www.andersonlendinggroup.com/2009/04/07/super-jumbo-loans-mortgage-rates/#comments Wed, 08 Apr 2009 01:25:41 +0000 brian_alg http://www.andersonlendinggroup.com/?p=286 We have been getting significant traffic on our website and inbound calls about rates and jumbo/super-jumbo loans.  As of today, there is no strong 30-year fixed pricing for jumbo and super jumbo loans.  While you can find rates in the low to mid 6’s, you cannot expect to see the historic rates we are seeing on the conforming loans available for these large jumbo and super jumbo products.

The best option for financing a property over 417k and less than 1.2 million is with an ARM.  Rates range from 4.75 to 6.5%, depending on the length of the ARM.  A sweet spot in the low 5’s exists for well-qualified borrowers on jumbo loans.  I don’t expect this to change in the near future.  If you have a jumbo loan and are only slightly over the 417k limit, it is definitely worth your paying it down to under the cut-off so that you can take advantage of once in a lifetime pricing on conventional loans. 

An example from today’s callers:

765 middle credit score, 2 million dollar purchase price with a 1.2 million dollar down payment.  This is only a 40% LTV.  The rate available at wholesale to this customer was a 5.20% on an ARM.  Interest-only is available on these jumbo loans!

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