Interest Only Jumbo Mortgages

See how an interest only mortgage differs from traditional loans. Find out if interest only mortgages are a good option for you with New American Funding.

Non Conforming Mortgage Loan Banks Loosening Mortgage Lending Standards – Wells Fargo has lowered the minimum FICO score for borrowers applying for loans insured by the Federal Housing Administration to 600 from 640. JPMorgan Chase "plans to lower LTV standards in certain.

Historically, the rates for jumbo mortgages were much higher than conforming loans, but as lenders returned to offering jumbo mortgages, the fixed-rates have been equal to or slightly above the.

Jumbo Interest-Only Certain purchases or refinances require a large loan. And sometimes borrowers have complex financial situations, substantial but fluctuating incomes, or preferences in how they maintain cash flow.