Low Jumbo Rates in Las Vegas

Many Las Vegas residents that fit into the Jumbo Loan category, loan amounts greater than $417,000, know the woes of high Jumbo Loan rates.  Since the beginning of the Mortgage Crises, Jumbo Loans were hit hard as Wall Street all but stopped buying these loans on the secondary market.  This led to a quick increase in Jumbo Loan Rates which many banks and lenders are still passing onto their clients.

This has now come to an end.  Recently a national bank has identified certain Jumbo Loan scenarios in the Las Vegas market as strong performers.  Based on this research, they have decided to capture as much of this market as possible. 

In order to do so, they have dramatically reduced their 30 Year Fixed Jumbo loan rates.  Las Vegas area residents can now secure a 30 Year Fixed Jumbo Loan with an interest rate in the high 5% range. 

Based on Jumbo rates in the last couple of years, these rates can save a signinifcant amount on your monthly payments.  These loans can be secured as high as 80% LTV with jumbo Loan limits as high a $5.5 Million.

If you have any questions, please feel free to contact me directly.