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Jumbo Mortgage Refinance
Our jumbo mortgage lenders offer new loan limits with low interest refinance programs with non conforming rates for refinancing in high cost states. Our jumbo mortgage loans include many competitive refinance programs for people who need low payment mortgage refinancing. With all of the significant home equity gains in the last decade more borrowers than ever need million dollar loans to finance their dream home in the high cost neighborhoods across the country.
Jumbo mortgages are needed for loan amount greater than $417,500 in most states and more than $729,750 in high cost areas like California, New Jersey and Colorado.
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Low Rate Jumbo Home Refinancing to 2.5 Million |
We offer California borrowers jumbo mortgage loans to nearly 3 million dollars with refinancing options for non conventional mortgages. Homeowners in other states like Oregon, Florida and Virginia may qualify for jumbo home loans that can be financed in excess of 2 million dollars. Like conventional lending, borrowers can select a 15, 30, or 40 year term with fixed or adjustable rates. Interest only options may also be available for qualifying borrowers.
Whether you need some cash out or just want to lower their payment with a rate and term refinance, our mortgage lenders offer great jumbo loans for everyone. Jumbo Mortgage Refinance loans are offered up 95% loan to value. The most popular 1st mortgage refinance is the 30 Year fixed rate loan.
| Side by Side Analysis of Fixed and Adjustable Rate Jumbo Loans |
Fixed Rate Refinance Terms
80-100% combined loan to value.
First Time Home-buyers can refinance with appraised value after 6 months. |
Adjustable Rate & Term Refinance Loans
80-95% combined loan to value.
First Time Home-buyers can refinance with appraised value after 1 year. |
- 15 Year Fixed Rate
- 20 Year Fixed Rate
- 25 Year Fixed Rate
- 30 Year Fixed Rate
- 40 Year Fixed Rate
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- 1 Year Fixed Interest Only (Draw 10 yr.)
- 3/1 Year Fixed Interest Only (Draw 10 yr.)
- 5/1 Year Fixed Interest Only (Draw 10 yr.)
- 7/1 Year Fixed Interest Only (Draw 10 yr.)
- 10/1 Year Fixed Interest Only(Draw 10 yr.)
- 30 Year Interest Only Refinance
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It's not too late for you to lower the payments by refinancing into a lower rate loan. Many homeowners are looking to refinance their existing mortgage & home equity loan, because it has a variable rate.
Nationwide provides affordable non conforming loans at a time when many mortgage lenders are penalizing jumbo loans with 1% add-ons to the interest rate. The secondary market has struggled of late, but we have partnered with portfolio lending institutions that are not as affected by the subprime crisis.
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Competitive Jumbo Mortgage Rates with Cash Out |
| Credit Rating: |
Poor, Fair, Good or Excellent |
| Key Qualifiers: |
Property Value, Credit Score |
| Income Documentation: |
Full Doc or Stated Income OK |
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