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Jumbo Mortgage Rates

Jumbo mortgages are loans for single family residences above FNMA Conforming Loan Limits. Depending on where you live, "Jumbo" could mean a loan above $417,000, $625,000 or $729,000. Consult a Total Mortgage Home Loan Expert at 877-868-2503 to verify limits in your community.

Jumbo mortgages have interest rates that are higher than conforming mortgages due to the increased size of the loan. Nevertheless, Total Mortgage offers jumbo mortgage rates that always among the lowest in the nation. Interest rates vary by the characteristics of the borrower and the characteristics of the transaction. Rates can change at any time due to changes in the investment markets. Our job is to help you navigate the process and empower you to make the best choice possible.

Jumbo Mortgage Rates as of Feb 3, 2012 *

Mortgage Products Rate APR Lock  
30-Year Fixed Conventional 3.625% 3.657% 30 Apply
20-Year Fixed Conventional 3.625% 3.780% 30 Apply
15-Year Fixed Conventional 3.125% 3.322% 30 Apply
30-Year FHA 3.625% 4.975% 30 Apply
30-Year Fixed Jumbo Mortgage 4.375% 4.474% 30 Apply
15-Year Fixed Jumbo Mortgage 3.500% 3.670% 30 Apply
10-Year Fixed Jumbo Mortgage 3.375% 3.621% 30 Apply
5/1-Year ARM Mortgage 2.375% 2.437% 30 Apply
5/1-Year Jumbo ARM Mortgage 2.750% 2.711% 30 Apply
7/1-Year Jumbo ARM Mortgage 3.125% 2.871% 30 Apply
10/1-Year Jumbo ARM Mortgage 3.875% 3.360% 30 Apply

Our licensed mortgage professionals are ready to assist you in finding the right mortgage, at the lowest possible cost, in the manner than best fits your needs:

  • Completing our Short Form
  • Speaking with a mortgage professional now by calling 877-868-2503
  • Chat Live on-line with a mortgage professional

Tips for finding the lowest jumbo mortgage rate:

  1. Jumbo mortgage interest rates tend to vary more among lenders than loans for lower amounts. So comparison shopping is even more important for borrowers.
  2. Compare each loan's APR (Annual Percentage Rate). The actual cost of your loan is determined by loan amount, interest rate and fees which vary by lender.
  3. Compare lenders' actual fees and closing costs. So-called No Closing Costs Loans are actually loans in which the closing costs are added to the loan amount to reduce out-of-pocket costs for the borrower or have a higher interest rate to cover the closing costs.
  4. Consider locking-in your interest rate. Mortgage rates can fluctuate any time the investment markets are open for trading. Consequently the only way to protect your rate is to ask your lender to lock your rate. Once locked, your interest rate cannot increase or decrease during the lock period.

We are an Equal Housing Lender.

* All rates shown are for 30-day rate locks. Longer locks are available. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, one point, a $495 application fee, $400 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, one point, a $495 application fee, $450 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants with 740 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice.

All rates shown are for 30 day rate locks with 1 point unless otherwise noted.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

Get a Fast, Free, No Obligation Mortgage Rate Quote Today!