Jumbo Mortgage Rates in NJ have eased a bit as of late.  Despite the news of tightening of the credit markets, it appears that after long last that there is a bit of easing in the Jumbo Mortgage Market.   We have established investor relationships in order to offer many different jumbo loan programs.  It seems that many portfolio lenders still have an appetite for jumbo loans in New Jersey.

Current highlights for Jumbo Mortgage Rates in NJ include great jumbo rates even where the Conforming High Balance loan limit was not raised significantly in areas such as Mercer County, Atlantic County, and Burlington Counties.  In other areas such as Essex County and Union County, we can offer financing on jumbo loans to 1,500,000 and above.  

Fully documented loans for Jumbo Mortgage Rates in NJ are available with a 20% down payment or 20% equity in refinances on loan amounts up to 1 Million.  Excellent rates are available on 5/1, 7/1, and 10/1 ARM Programs, as well as the standard fixed rates.  Call or email me for customized quotes and details on a loan program for you.

A recent client of mine has taken a relatively novel approach: he is using an interest-only ARM as a means of accerelating his mortgage, rather than making just the minimum interest payment.  While I do not recommend interest-only Jumbo Mortgage Rates for everyone, there is a benefit to many who are familiar with a how an interest-only loan works.

Stated Income programs for the self-employed and No-doc loans are slowly coming around as well.  Call for specific details on these Jumbo Mortgage Rates in NJ, and for all programs as a specific program can be tailored to your needs.

 All in all, it appears that slowly but surely credit is beginning to loosen for qualified borrowers!