Earlier, 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!!!