How much is a jumbo loan in San Diego?
In San Diego County, a jumbo loan is a loan amount greater than $879,750.
What is a jumbo mortgage San Diego?
Effective January 1, 2022, here are the three tiers of mortgages for properties in San Diego County: Conforming loans – up to $647,200. (18% increase from 2021) Super Conforming loans – between $647,201 and $879,750. Jumbo loans – Over $879,750.
What are today’s jumbo interest rates?
What are current jumbo mortgage rates?
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed-Rate Jumbo | 5.340% | 5.350% |
| 15-Year Fixed-Rate Jumbo | 4.730% | 4.740% |
| 7/1 ARM Jumbo | 4.710% | 4.310% |
| 5/1 ARM Jumbo | 3.820% | 4.940% |
What are jumbo rates in California?
Jumbo mortgages
| Term | Rate | APR |
|---|---|---|
| 30-year fixed – jumbo | 5.125% | 5.202% |
| 20-year fixed – jumbo | 5.125% | 5.229% |
| 15-year fixed – jumbo | 4.875% | 5.006% |
What is jumbo loan in CA?
Any loan that exceeds $970,800 is considered a jumbo loan. Individual counties such as Solano County and San Joaquin county have lower jumbo loan limits.
Do jumbo loans have higher interest rates?
Taking out a jumbo mortgage doesn’t immediately mean higher interest rates. In fact, jumbo mortgage rates are often competitive and may be lower than conforming mortgage rates. It ultimately depends on the lender and the market conditions.
What credit score do I need for a jumbo mortgage?
You’ll usually need a credit score of at least: 700, to get a jumbo loan for a one- or two-unit property with a loan limit up to $1 million. 720, for loans between $1 million and $1.5 million. 740, for loans between $1.5 million and $2 million.