Jumbo Loan Refinance

Jumbo Loan Refinance

Jumbo Mortgages are mortgages that exceed the national or local county mortgage limits. These types of loans are also known as a “non conforming” mortgage. Currently the FHFA has loan limits for California in 2022 set at $647,200 for most all areas. For higher cost areas like Los Angeles, Orange County, San Francisco and a host of other counties in California, the limit is up to $970,800.  A Jumbo Mortgage is utilized when these “conforming” amounts are exceeded.

Jumbo mortgages typically require more stringent qualifying criteria.  These criteria usually include a higher credit score, lower debt-to-income ratios (DTI) and more reserve asset than a conforming mortgage.

The team at Integrated Lending Group has been helping California homeowners obtain Jumbo mortgages for over 20 years.

Jumbo mortgages sometimes have a higher interest rate than a conforming loan.  The increase in interest rates can range from .25% to 1.5%.  The rate is determined by the size of the loan, the borrowers credit scores and the amount of down payment.  

Additionally, depending on the value of the property, two appraisals may be needed in order to satisfy the underwriter.

Your mortgage professional at Integrated Lending Group can help you determine if a Jumbo Loan in California is the best choice for you and your family. 

E. Ruther
E. Ruther
Santa Barbara, CA
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"I have worked with Anthony twice now in the past 3 years. Anthony is PROFESSIONAL, RELIABLE, PATIENT, thorough and everything you would want in someone assisting you in a financial interaction. I recommend him very highly!"
L. Goez
L. Goez
Chino Hills, CA
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"HONEST & DEPENDABLE. This gentleman is amazing. Very pleasant to work will tell you how it is. He really looks out for the best interest for you. Nick, thankyou, EXCELLENT job."
B. Hovet
B. Hovet
Needles, CA
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"More than a lender! Nick is GREAT!. Not only did we close escrow early, everything was done online. Definitely would RECOMMEND Nick and use him in the future for any home purchase or refi needs."
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