Today's 30 year Fixed Rate: 6.625% 6.71%APR

Jumbo Loans

Jumbo Loans

Jumbo Loans

Jumbo loans are required when one exceeds the conforming limits, or there are no high blance limits, in your county.  In general, conforning limits in California is $548,250, but in many counties you can exceed these limits (google your counting and type in conforming limits.)  The underwriting guidelines can more difficult for thes kinds of loans because they are only backed by individuals or private interests unlike confoirming loans which are government guided.  Rates are also higher for these types of loans as are the fico score requirements.  Generaly one needs a minimum score of 680 to qualify for these loans.  They are not generaly good choice for low down payments as the rates are quite a bit higher above 70% loan to value.



NMLS 1665027 CA DRE
Personal NMLS 282851

Equal Housing Lender


RC Advantage
698 Whiting St
Grass Valley, CA 95945