Anonymous
Post 03/13/2014 04:05     Subject: Jumbo Loans

WF 650k loan balance with 20% down , 4% (though 6 mths ago).
Anonymous
Post 03/13/2014 01:18     Subject: Jumbo Loans

Anonymous wrote:I recently got quotes of 4.25% and 4.5% from two different lenders for a jumbo loan with 20% down. I also see several others offered in the same range. Good sources are Bankrate and MortgageProfessor.

FWIW, one lender checked for me the rate difference between jumbo and conforming loans in my ballpark, and reported back that the rates were identical.


Yup, were quoted 4.25% for a jumbo just the other day. We won't even need a jumbo, but the current rate is, for whatever reason, lower than the rate for a high-balance conforming.
Anonymous
Post 03/12/2014 14:38     Subject: Jumbo Loans

MAFCU (Mid Atlantic *something with an F* Credit Union. Got a $1.7M loan a couple of years ago. We were also approved by two other banks that ended up pulling out at last minute. MAFCU was fantastic to work with and great customer service. We were in Bethesda and they have a branch there.
Anonymous
Post 03/12/2014 14:08     Subject: Jumbo Loans

passing the love around...

a good website explanation and a good lender from what i have heard
http://www.horizonfinancial.org/jumbo-loans/


also, astoria has good rates.
https://www.astoriafederal.com/mortgage-rates/

these guys don't engage in the "take your application money but won't appraise high enough to make the loan" scheme.
Anonymous
Post 03/12/2014 14:00     Subject: Jumbo Loans

5/5 ARM with Penfed - 2.75% on 900kish balance; no points, orig fee or closing costs.

Fixed was 4.25 or so at the time; not much more now.