La Quinta, California

La Quinta, California
Desert Luxury

Desert Luxury Realty

Thank you for visiting my blog. When you choose Mary Williams, as your real estate agent, you are working with a team of seasoned professionals who cater to your every real estate need. Buying or Selling your home does not need to be full of hassels or needless pressure. Take it easy and enjoy the luxury of the desert. I look forward to assisting you with your search or sell of your home. Contact me today!

Tuesday, February 11, 2014

Do you really need 20% down on a Jumbo Loan in the Desert?

80396 Pebble_HR_107Earlier, I posted Jumbo Rates were good – well now they are EVEN BETTER!! According to CNN Money, for the 1st time in 20 years Jumbo Loan rates are at or BELOW conventional mortgage rates!!

To qualify for a Jumbo Loan, you will need at least a 740 credit score (or higher) and at least 20% down – no strike that!! Many mortgage companies have LOWERED their down payment rates to 15%!!

You will need to contact your lender to see exactly what Jumbo Rates are at this time, because they do fluctuate – but now rates for Jumbos are going down.

It's always a good time to buy your home in the Desert!! Call me today!!!