In the Philadelphia region, a jumbo loan is considered a loan over $417,000.  Until recently, financing jumbo loans has been very difficult as most traditional purchasers of these loans (in the form of Mortgage Backed Securities) had stopped purchasing this loan product.  The few lenders that purchased a limited amount of jumbo loans demanded much higher interest rates due to perceived market risk. 

Recently many Lenders have jumped back into the jumbo loan market.  They are offering 5, 7, and 10 year ARMs and 15 and 30 year fixed rates.  Diamond Mortgage Company is able to place your jumbo loan with very attractive interest rates and fees.  Call us today to see what we can do for you!