Conventional Jumbo Loan
Jumbo mortgages are used to purchase or refinance higher-priced homes that require larger loan amounts than a conventional loan. A jumbo loan is defined by Fannie Mae (FNMA) and Freddie Mac (FHLMC) as a home loan amount greater than $417,000. Generally, jumbo mortgage rates are slightly higher than conventional mortgage rates because there’s a bigger risk associated with the larger loan. Depending on where you live in the United States, the jumbo limit or now referred to as the “high balance” limit varies on the county in which you reside.
At Mortgage Rates California, we provide low rates for your Jumbo home loan. We offer a choice between fixed or adjustable rates while our jumbo mortgages offer maximum flexibility for purchase financing or refinancing in approved high-value counties. We provide luxury home financing for your primary home, 2nd home or investment property with Adjustable Rate Mortgages or fixed terms of 10, 15, 20 and 30 years.