If you’ve been considering purchasing that dream, luxury home you’ve been waiting for, NOW is the time.
Jumbo loan interest rates (aka non-conforming loans) are now lower than conventional loan rates – and are an option when the loan amount exceeds a purchase price of:
$647,200 in Central California &
$805,000 over on the Central Coast.
These days, all you hear about are conventional, FHA, etc. loan increases – which is true. But in this luxury space, jumbo loans are not tied to the same 10-year Treasury Bond driven algorithm as normal mortgage rates – giving banks the opportunity to lend at higher thresholds.
If you’re thinking luxury, contact us and we can get you in touch with our preferred lender Jeremy Engle with Vero Mortgage – his team is the best in the industry & can take care of any questions or concerns you have.