Jumbo Mortgage Rates
Are you looking at a $10 million plus residential home? Are you looking to finance a luxury estate that is priced at more than $10 million?
Jumbo Mortgage Rates are higher than Conventional Mortgage Rates
If you are and you’re wondering where the best jumbo mortgage rates Chicago are, you’ll be pleased to hear the following info regarding obtaining a super jumbo mortgage loan. I have super jumbo mortgage loan programs for qualified mortgage loan borrowers.
How To Become Qualified for Quality Jumbo Mortgage Rates Chicago?
Jumbo mortgage rates Chicago currently see that the borrowers’ mortgage loan is one to exceed $417,000 unless the residential home is located in a rather high cost area. I have jumbo mortgage loan programs with very competitive rates – up to a $10 million loan size.
- For jumbo loans up to $1 million, the loan to value requirements are set at a loan to value of 80%. It is a 30 year fixed rate jumbo loan.
- For super jumbo mortgage loan sizes up to $5 million, the loan to value requirements are set at 75%.
- For super jumbo mortgage loan sizes between $5 million and $10 million, the loan to value requirements are between 50% and 75% – depending on the credit and financial profile of the borrower.
Super Jumbo Mortgage Loans
Many realtors who specialize in very high-end luxury real estate realize that not too many lenders specialize in super jumbo mortgage loans. Unfortunately, due to the scarce amount of lenders with good local jumbo mortgage rates Chicago, many sellers and selling real estate agents of high end real estate only show their super luxury real estate to cash buyers. Fortunately though, I am able to offer high end residential real estate buyers with the best spectrum of super jumbo mortgage rates Chicago area sees and all of Illinois mortgage loan rates. Most of my wholesale super jumbo loan lenders are hedge fund portfolio lenders.
Get Your Jumbo Mortgage Rates Chicago Today!
If you are interested in buying a high end residential luxury home, please contact me here on my contact form so can discuss your financing options. After I take your mortgage application, I can issue you a pre-approval letter and get you one step closer to owning your dream home a reality. Minimum credit scores for Jumbo Mortgage Loans are 680 FICO.