California Jumbo Home Mortgage Loans

You can call our mortgage brokers toll free at 855-529-5222 or appy online. Our licensed mortgage brokers will get you the best rate on a California jumbo loan for your luxury home. There is no obligation.

• Available up to 4 million dollars.
• Construction, purchase, refinance or refinance with cash-out O.K.
• We are the California luxury home specialists!

Programs range from "Interest Only" Libor Loans to Fixed Rate Mortgages. Each product has a unique advantage to the homeowner so every option should be given the necessary time for analysis.

Jumbo mortgages are categorized as loans in excess of $322,700.00 for single-family residences

The interest rate on our Jumbo Mortgages are nearly as low as our conventional Mortgages. Another way to get the best rate is to consider an Adjustable Rate Jumbo Mortgage. These are frequently much lower, depending on short term rates. Jumbo Mortgages are our specialty!

Home loans are classified in a wide variety of ways. They can be classified by the amount loaned, whether the interest rate can be adjusted or not, the length of the payback period and so on. A fairly common and simple term to understand is the jumbo loan.

A jumbo loan, is a loan that exceeds the maximum dollar amount guidelines set by FANNIE MAE, for a single family loan limit. Effective January 1st, 2005, this limit is $359,650 in all states except AK and HI. The limit is $539,475 in AK and HI. Most lenders use the Fannie may guide when underwriting loans over these set limits.

A jumbo loan is simply a mortgage in excess of the amounts set by government backed agencies that buy or guarantee loans. Companies such as Freddie Mac, Fannie Mae, HUD, etc. will guarantee the purchase of a loan from a lender if certain conditions are met. A discussion of those conditions is beyond this article, but one of them is the amount being borrowed. Depending on the agency in question. If the amount you are borrowing is less than this amount, then it is known as a conforming loan. If you need to borrow more, the loan is known as a non-conforming loan or “jumbo” loan.

Given the higher risk from the perspective of the lender, you can expect to be treated a bit differently. In this case, lenders are going to charge higher interest rates than you would be able to get with a conforming loan. Before you panic, keep in mind we are talking about a quarter of a point in interest. For example, a conforming loan for $300,000 may have an interest rate of 5.5 percent whereas the same borrower will have to pay 5.75 percent if they borrow $800,000