Tag Archive for: jumbo rates

Mortgage Banks Are Reclaiming Jumbo from Commercial Banks: Why?

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Not ONE of the millennials who run JVM Lending was in the mortgage industry prior to the 2008 meltdown. In their minds, it was just some ancient event like the iPhone invention, the French Revolution, the fall of Rome, or when that asteroid thingy killed all the dinosaurs. In any case, I often regale them with stories about how, back in the day, mortgage banks and brokers could almost always beat the big commercial banks with jumbo rates.Read More

17 Day JUMBO Financing – With No Contingencies & Super Low Rates!

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I often blog about how jumbo rates are as much as 1% LOWER than conforming rates and explain why too. This recent blog is just one example. Our Jumbo Niche […]Read More

Jumbo Rates – Almost 1% LOWER Than Conforming; Going For Jumbo!

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I actually blogged about why jumbo rates are so much lower than conforming rates in April, and here are some of the other reasons: (1) Jumbo loans have stricter guidelines so they are less risky; (2) Jumbo loans have tighter appraisal requirements – again impacting risk; (3) Big banks that fund or buy jumbo loans are desperate for yield and will take what they can get; and (4) Jumbo lenders want to establish relationships with well-off borrowers and will fund loans at a loss in pursuit of those borrowers.Read More

Why Lenders HATE Jumbo & Why JVM’s Jumbo Rates Are SO LOW

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JVM FHA OFFER ACCEPTED OVER CASH OFFER As a brief aside – one of our clients recently had his 14-day-close FHA offer accepted over an all-cash offer – at the […]Read More

“Reserves” – Why & When They Are SO IMPORTANT!

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WHY TWO NEARLY IDENTICAL BORROWERS GOT 1/2% DIFFERENT RATES We recently had two nearly identical borrowers get rate quotes that were 1/2% different on the same day they were quoted […]Read More

Why Are Jumbo Interest Rates So Much Lower Than Conforming?

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Our jumbo rates are now sometimes as much as 1/2% lower than conforming (Fannie/Freddie) rates (and today is no exception). Today’s blog explains some of the reasons why. Stricter Qualifications […]Read More

Surprising Reasons Why People Are Refinancing

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The Fed raised short-term rates again yesterday but rates still remain much lower than expected. Part of the reason is that investors think the rate increases will hurt the economy […]Read More

Jumbo Rates Are LOWER Than Our Conforming; Jumbo vs. Conforming

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Our Jumbo rates are as much as 1/2 percent lower than our Conforming (Fannie and Freddie) rates. Our low Jumbo rates are also available for qualified borrowers down to the […]Read More

Jumbo Loans in California

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Jumbo loans are becoming increasingly popular for California homebuyers. This is mostly due in part to the rising costs of homes in the state. As a result, increasingly more homebuyers in California are having to use jumbo loans to finance their property purchases.Read More