Why are jumbo loans relatively better than a year ago?
“ The jumbo loans we are doing are all stronger borrowers – high FICO, lower debt to income and loan to value and high reserves”
In aggregate, but the same borrower now can get a jumbo loan about .9% lower as opposed to the normal 0.3% higher. And the typical jumbo borrower has always been wealthier, higher score etc.
Well I will be putting in an offer that will require my first jumbo on Monday, hope I get it. Suburbia here I come!
