5 down Jumbo Loan Florida

California Jumbo Mortgage Rates & 10 Percent Down Payment Jumbo Loan Options!

What are today’s California Jumbo Mortgage Rates for a 10 percent down payment jumbo loan?

Current California Jumbo Mortgage Rates

When you “CLICK HERE” you’ll instantly see today’s lowest California jumbo mortgage rates. If you see an interest rate you like, you can click to head straight to get your Custom Rate Quote.

What’s A Jumbo Loan?

A Jumbo Loan, otherwise known as a 10 Percent Down Payment Jumbo Loan is a loan that’s above the conventional loan limits. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from lenders. If a loan amount is higher than $766,550 in most counties then neither of the two government-sponsored entities will purchase that loan but in counties such as ALAMEDA, CONTRA COSTA, LOS ANGELES, MARIN, NAPA, ORANGE, SAN BENITO, SAN FRANCISCO, SAN MATEO, SANTA CLARA, and SANTA CRUZ loan amounts are allowed up to $1,149,825 before they are considered a Jumbo loan. Typically, both Fannie and Freddie buy the bulk of U.S. residential mortgages from banks and other jumbo lenders, freeing up liquidity to lend on more mortgages.

 

10% Down & 90% Loan to Value Jumbo Financing available up to $3,000,000

We know the California Jumbo Business call us at (877) 205-2533

CLICK HERE” to See Today’s Mortgage Rates.

 

What are the requirements for getting a Jumbo loan in California?

  • The borrower’s credit score should be 680 minimum to be eligible.
  • No Mortgage Insurance Required.
  • Standard full amortized (principal and interest) program terms available. This includes 15 and 30 yr fix and adjustable 5-1, 7-1, 10-1 ARM’s.
  • Buyers should have 6 to 9 months of reserves after closing. The term “reserves” refers to the amount of savings a buyer has remaining after their down payment and closing costs.
  • This program is available for single-family residential housing (regular houses, townhomes, and condominiums)  Multi-unit, vacant land, and commercial properties are not eligible.
  • Debt to income restrictions is generally limited to 43%.
  • RSU’s Restricted Stock Unit income is allowed.
  • Gift funds, co-signers, and first-time home-buyers are allowed.
  • Self-Employed borrowers may want to take advantage of our bank statement loans.
  • No Income Verification Loans are available for Investors.
  • No Income Verification Loans for Primary Residences & Second Homes.
  • Veterans may want to take advantage of a zero-down payment VA jumbo loan
  • California Conforming loan limits for 2021 

California Jumbo Mortgage Rates

Finding the lowest California jumbo mortgage rates is very important, that’s why we’ve already searched them for you, getting the lowest rate possible could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find you the best mortgage rates is a big deal.

Our reviews speak for themselves.

Expert advice at your fingertips

Our home loan experts are available 7 days a week to answer all your home loan questions. We don’t keep banker’s hours…. we understand that you have busy schedules, that’s why we’re available nights and weekends.

Eddie Hoskins Founder & CEO

“My mission is to give our clients their most enjoyable home buying experience, I’m focused on making sure their process is simple.”

Why should you choose us for your home loan?

We work for you & not the bank, we offer wholesale mortgage rates which are lower than retail rates not to mention, we offer a wide variety of loan options so your not stuck with one set of restrictive underwriting guidelines.

We’ve streamlined the mortgage process, close in 30 days or less.

From application to closing, all from the palm of your hand.

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