Prosperty Mortgage Making Jumbo Money more Affordable!!

Jumbo loan interest rates, (loans of over $729k) have stayed expensive while their conforming counterparts have stayed lower and seen a recent drop back into the 5s. A rate around 8.5% is historically low but I know my buyers like to see rates starting with a 6 or 7....which this year has been impossible for those upper bracket buyers...not so anymore. Prosperity Mortgage has started a program giving jumbo loans for 6.625% there are certain requirements such as a 25% down payment, high credit score and depositing assetts with Wells Fargo, Prosperity's parent bank. This is a step in the right direction for Jumbo mortgage money!! Contact Ryan Dailey ryan.dailey@prosperitymortgage.com for more details or to get pre-approved.