Just got this from our BofA lender...
BofA is buying the market on non conforming/jumbos...great news for us as we gear up for the reduction of high balance conforming loan limits in a few months.
30 Year fixed Purchase Loans
Approximately:
4.5% Conforming: (loan amounts under $417,000) $253.34 per $50K (Calculate at $50,000 increments to figure P&I pymts on 30yr.)
4.625% High Balance Conforming (loan amounts between $417,000 and $697,500) $257.07 per $50K
4.875% Jumbo (loan amounts over $697,500) $264.60 per $50K
4.5% FHA/VA $253.34 per $50K
15 Year fixed
3.75% Conforming $363.61.98 per $50K
3.875% High Balance Conforming $366.72 per $50K
NON-OWNER OCCUPIED
1 Unit 4.625%
3-4 Unit 4.75%
Condo 5.0%
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