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Benefits and considerations of jumbo loans Higher purchase limits. Jumbo mortgages can exceed the conforming loan limit, currently $484,350 in most parts of the United States. Competitive rates. Jumbo loan rates have reached historic lows in recent years, and the interest on loans up to $1 million may be tax-deductible. 1
at 4.125 percent and a 30-year jumbo at 4.75 percent. What I think: Where is the energy and action these days when it comes to mortgage products? After all, most well-qualified borrowers are hunkered.
However, this doesn’t influence our evaluations. Our opinions are our own. Thehas a good selection, including home equity, jumbo and co-op loans, but no VA- or USDA-backed.