I am hunting around for interest rates, trying to find the lowest one for my situation. Buying a home at $600K, $50K down, so I need to finance $550K. I have excellent credit (score hovering around 800). Any suggestions where to find the lowest rate? I’m probably looking for a 30-year fixed (steering clear of interest only). Any advice/info would be great. Thanks!!

Seems to me those people need a place to live too.
Jehen—-Those people can lose their jobs too
Those homes lose more value than others in times like this and the jumbo refi rates are much higher than conventional rates
These answers imply that those that have jumbo loans didn’t overextend themselves, don’t lose their jobs, and can go buy another house after foreclosure. Try getting a loan these days after having your house foreclosed on. These people can be in just as bad shape as those with conventional $416,000 mortgages.

Isn’t the jumbo loan raise from $417,000 to $750,000 until end of December of this year because of recent bad housing economy? Thanks in advance!!

Here are the details of my situation. I’m looking to do a cash out refinance, I’m looking to cash out 144,000. @ a 75% LTV The value of the Single family residence is 4,576,000. I have a middel score of a 759 and The only way i will be able to do this is if i do the loan NO DOC, NINA, SISA. If there is anyone that can help me with this Please Feel Free to contact me Via Email. ~johnromero.vesta@gmail.com

Thank you so much

I am interested in purchasing a home in the range of $600,000. I plan on putting 20% down on the home. I don’t want to take out a jumbo loan because of the drastically higher interest rates. What is the best way to accomplish this feat? I know piggyback loans are practically unheard of these days, but what about for those of us that can still put 20 down? Is this possible, and which type of loan would best cover the approx. 63k owed beyond the 417k traditional conforming loan?

Also i was told most companies won’t take less than 30% down (this is a 2 million dollar home). is that true?

I want the lowest interest rate!!
I just want to find out what the cut off is for a ‘jumbo loan’ and would I qualify for a conforming loan if I want to refinance $417,000? Do closing costs count in the balance of the loan when it comes to determining jumbo or not? Make sense?

We are in an adjustable mortgage, but have been unable to refi due to owing more than the property is worth. We both have good credit (over 700 each), and I was wondering is the recent change to what is allowed with jumbo/125% loans means we can try to refi into a fixed rate even though we are upside down?

JUMBO loan rate on 01/03/2008

I keep seeing that the fed is cutting the interest rates, however the 30yr fixed rate seems to keep going up. I was hoping to refi my jumbo loan @ 6.125% down to a conforming loan with a better rate. Am I going to be able to find a rate low enough to justify a refi? I was excited about the change in limits on conforming loans, now it seems that the good news has gone out the window for me.
The loan I am in now is a good one, 30yr fixed, however it is at the jumbo rate. I want to take advantage of the gov’t raising the limits on conforming loans this year.