Jumbo Loans – Jumbo Mortgage Rates

• Loan amounts exceeding $417,000 in continental U.S.
• Loan amounts exceeding $625,500 in AK and HI
• Jumbo loan amounts are higher for 2-4 unit properties

Jumbo loan amounts do not meet the Fannie Mae and Freddie Mac guidelines for loan amounts, and Jumbo Mortgage Rates are generally higher than conforming interest rates. The guidelines from the lenders will also be tighter, often requiring a high credit score, income documentation and a low loan-to-value.

Super Jumbo Loans – Super Jumbo Mortgage Rates

• Exceed $850,000
• Generally require extensive documentation
• Liquid assets are important

Super jumbo loans are loans that are exceptionally difficult to obtain.  Super jumbo loan amounts are generally considered any loan over $2,000,000.  These loans are not generally funded by traditional lenders.  A super jumbo loan often requires a tremendous amount of documentation and a large amount of assets. 

Ultra Jumbo Loans - Ultra Jumbo Mortgage Rates

• Exceed $1,500,000
• Require extensive documentation
• Liquid Assets Required

Ultra jumbo loans are the largest loan amounts offered by lenders.  An ultra jumbo loan exceeds $1,500,000 and can go as high as the lender is willing to lend on an ultra jumbo mortgage.  When obtaining an ultra jumbo mortgage a borrower can expect to provide income and asset documentation and will generally need a low loan-to-value to qualify for an ultra jumbo mortgage or purchase.