Jumbo Loans

January 30, 2022

How Do You Know It’s the Lowest Jumbo Mortgage Rate?

lowest jumbo mortgage rate

If you Google “lowest Jumbo mortgage rate”  today and click on any of the trusted syndicates, like Bankrate or Investopedia, you will see interest rates from 3.63% to 3.75% on Jumbo Loans*. And sure, you’ll see a very eye-catching rate or two that is under 3.5%. Except those rates come at an average cost of 1.33 points. In this article, we are putting the “discount points” caveat into perspective.  

The Lowest Jumbo Mortgage Rate

Let’s say you are putting 20% down on a $1M home. United Home Loans’ current 30-Year fixed Jumbo rate is 3.25% [APR 3.394%]* with zero points. So, you bring the $200,000 down payment plus closing costs to the table. Simple. 

Now imagine you’re shopping between 10 of the largest Jumbo lenders. You find a rate of 3.25% but it requires 1.33 points. Suddenly, you are bringing an extra $13,300 to the table. In other words, you are paying $13,300 to receive the same rate that you would at United Home Loans… When you look at the numbers this way, it almost makes our Jumbo rates seem too good to be true, doesn’t it? But we promise, this is very real. 

How We Do It 

So, how is it that we are able to offer the lowest jumbo mortgage rates without points? We have been building relationships with both the largest banks and the smaller specialty investors since our inception. This allows us to offer more loan options at better rates. There is also something to be said about our impassioned aversion to discount points and our stance on free quotes actually being easy to obtain. In short, everything we do is driven by the honest question, “How can we offer borrowers lower rates and more solutions?” 

Lock It In

Remember, it only takes about fifteen minutes to get pre-approved for today’s incredible Jumbo rate. Talk to a mortgage expert or start your application here

Rates can and do change daily. Quoted rates current as of January 28, 2022. 

Assumes the purchase of a $1,000,000 owner-occupied, single-family, detached primary residence with a down payment of $200,000 and a loan amount of $800,000. 30-year fixed at an interest rate of 3.250% (3.394% APR) with ZERO points and monthly P&I payments of $3,481.65. Based on a 740 credit score or higher and 60-day lock term. Monthly payment listed here does not include taxes and insurance if the borrower elects to escrow for these payments. The actual payment amount may be greater. This program is not available in all states. Subject to underwriting requirements. Not all applicants will qualify. Rates current as of 01/30/2022. Rates can and do change daily. 

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