The conforming loan is below $322,700 and has a lower interest rate than the jumbo home loan in Washington, because the amount of money loaned is less. When you recieve as much in a loan as you do with a jumbo loan, then you will pay higher interest rates, but with an adjustable rate jumbo loan the interest rate will be much lower, about two to three percent.

- Washington Jumbo Loans

Washington jumbo loans are larger than regular Washington loans. They exceed the maximum loan amount established by the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC). Currently, any loan over $300,000 for a single-family residence is considered jumbo. Washington jumbo loans are used to finance larger ventures such as luxury homes or starting your own business. Guidelines vary depending on location, so fill out the above form and an experienced representative will get in contact with you.

- Washington Jumbo Loans Can Save You Money!

A jumbo mortgage loan in Washington can come in many forms, one of which is a jumbo loan with an adjustable mortgage rate. The adjustable mortgage rate, or ARM, is slightly different from a conforming ARM. The jumbo loan comes with higher interest rates than the standard conforming loan in Washington. The conforming loan is below $322,700 and has a lower interest rate than the jumbo loan, because the amount of money loaned is less. In Washington, when you recieve as much in a loan as you do with a jumbo loan, then you will pay higher interest rates, but with an adjustable rate jumbo loan the interest rate will be much lower, about two to three percent.