June 28th, 2011 5:25 PM by Preston Ware
Florida Jumbo Mortgages and Florida Super Jumbo Mortgages have improved quite a bit in pricing and flexibility. Just the fact that banks are offering them again is good but actually the pricing I am looking at is amazing. Recently I have been shopping super jumbo 5/1 ARM's in the 4's and even Super Jumbo loans on investment properties in the 4's! Many of these sources will require the borrower to pay a point but that is O.K considering the substantial savings.
Of course there is always a little more money down on a jumbo loan but these adjustable rate prices are great. http://www.prestonware.com/JumbomortgagesFlorida Anyone considering a refi has probably lost a little value but already has "a lot of skin in the game."
This is indicative of a larger trend that many of our bread and butter programs that disappeared are slowly coming back. I am also seeing evidence of some good foreign national programs around but that is another blog for another day.