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

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

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.

Report problem with this ad

Cougarite

Bio page: Cougarite
Joined: Dec 15, 2015
Last login: May 1, 2024
Total posts: 839 (0 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad