The difference between current mortgage rates on conventional mortgage loans and jumbo loans has narrowed lately, making jumbo loans more appealing. Interest rates for a 30-year fixed-rate mortgage loan that conforms to the government limits were 3.75 percent in April, while rates for jumbo loans were only 3.85 percent.
Get a Fixed Rate jumbo mortgage loan from Advantis Credit Union in Portland, to our members in the form of better rates, lower fees, and more free services.
Non-Conventional Mortgage What Is Considered A Jumbo Mortgage The increase of the conforming loan limits is the first time these have changed since 2006. Previously, anything over $417,000 was considered a jumbo loan for our market, but starting in 2017, the.