High balance up to $822k then jumbo technically kicks in after that

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Jan 18, 2021
10:45:00pm

Cougarite Redshirt Freshman

High balance up to $822k then jumbo technically kicks in after that

High balance rates are almost the same as conventional. Maybe .125% higher.

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Cougarite

Bio page: Cougarite
Joined: Dec 15, 2015
Last login: Apr 24, 2024
Total posts: 838 (0 FO)

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Messages

Author

Time

Is a jumbo mortgage in SL County still $600,300 in 2021?

rommeliv

1/18/21 10:42pm

High balance is that amount and higher

Cougarite

1/18/21 10:43pm

High balance up to $822k then jumbo technically kicks in after that

Cougarite

1/18/21 10:45pm

This is wrong. High balance up to 600,300

Cougarite

1/18/21 11:11pm

You can get a high balance loan with 5% down. Jumbo usually requires 20% down.

Cougarite

1/18/21 10:47pm

Oh ok that's good to know. Thanks. Any idea what the PMI is looking like

rommeliv

1/18/21 10:49pm

For jumbo definitely try a bank. Wells Fargo probably

Cougarite

1/18/21 10:59pm

I was wrong. You gotta stay under the $600,300 for 5% down

Cougarite

1/18/21 11:06pm

$600,300 is the high balance limit in SL County. Anything over that is a Jumbo.

classycoug

1/18/21 10:50pm

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