Rates on 30-year new purchase loans ended last week 5 basis points lower than the previous Friday, dipping to a 6.79% average. That's now the cheapest weekly average of 2025. Compared to five weeks ...

However, there’s no getting around the down payment, so you’ll need a significant amount of cash on hand to get a jumbo mortgage. In addition to the type of mortgage and loan amount ...

Each lender has different qualifications for receiving a jumbo loan, but here are some general guidelines you can expect: Many mortgage lenders accept down payments as low as 3% for conforming loans.

a higher level of income or assets and bigger down payments. The interest rates on jumbo loans are usually higher than those on regular, conforming mortgages. A jumbo loan is a mortgage for an ...

If the down payment is your biggest obstacle ... if you apply for free preapproval before getting a mortgage (this does not apply to jumbo loans or refinances). Need to know According to Yahoo ...

USDA loans: Backed by the U.S. Department of Agriculture, USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Jumbo loans: A jumbo loan exceeds the ...