My New Blog

Working on a purchase scenario for a client, $1.3 million purchase price, with 24% down (if you can keep the loan amount under $1,000,000 the pricing in better) today's pricing on a 30 year fixed was 5.875 with 1 point loan origination fee.  6.00% was .75 loan origination.  A month or so ago, this was not possible.  Jumbo pricing is back !

The flip side of the coin is "conforming" (up to $417,000 loan amount) pricing is a bit weaker than before ... But I can still do a "no points/no fees" type loan at 5.375% 30 year fixed, owner-occupied with good credit and qualifications.  80% "loan-to-value." 

All these terms are explained on the website if you are confused.

Don't be confused, call Terry ...