One of the premier jumbo lenders in the country, ING, ceased lending operations last month. And just as that news is settling in, we got word that because of the quality of our book of business we have delivered to our investors since launching the jumbo loan program last year, we will be making a significant improvement to our Jumbo fixed rate pricing starting on Monday.
And, we are already much improved on our 5/1 ARM jumbo pricing. In fact, assuming a good credit score of 740, that loan is just 2.875% (APR 3.127), fixed for the first 5 years.
And, I will be happy to announce our fixed pricing on Monday for jumbo loans. The guys in our secondary department tell me that they will be significantly improved.
Looking for a jumbo home loan? Well, we are your stop for that mortgage. Call me at 1-800-MY-LOANS (1-800-695-6267).