Can you still find Competitive Jumbo Mortgage Loan Rates in Las Vegas, YES! 

One of the areas that was severely affected by the "Credit Crunch or "Mortgage Meltdown" was that of Jumbo Loans.  To be considered "Jumbo" a Mortgage must have a Loan Amount above $417,000, which is the conforming loan limit.  Because Las Vegas has such a high concentration of high value properties, the increased Jumbo rates hit particularly hard in this City!   

I was recently speaking with a colleague and she told me that there was still solid Jumbo rates around for Las Vegas properties.  I asked her what she thought were "Solid" rates.  She quickly stated "7.6% at 90% LTV on a 5 Year ARM with Interest Only Payments!"  Well I didn't quite believe her, so I did a little investigating and found a wholesale bank out of California that portfolios all of their loans.  Apparently they also make quite a few exceptions.  Some of there other highlights on their Jumbo Loan Products:

• They do not require a VOR (Verification of Rent)
• They will allow Private Party VOR's
• No Payment Shock
• Only one appraisal needed
• They will use 1099's as income without having to show tax returns
• Full Doc Only
• Will make exceptions on those files thatare a little out of the box

This bank is currently really aggressive with their Jumbo Portfolio.  For example, they will finance 80% LTV to $1.5 Million with a 6.75% Interest Only 5 YR ARM.  If you have a Las Vegas Jumbo Mortgage Loan purchase or a refinance, this Bank may be able to help keep your rates low!  Feel free to contact me directly and I would be happy to help you get a rate quote.

Your mortgage partner for life,