The Mortgage Loan Process
Feeling a little intimidated by the mortgage process? Unsure of what to expect as you make one of the biggest investments of your life? We've helped thousands of borrowers just like you make successful home purchases, so we put together this short guide that will give you an idea of what to expect as you go through this process.
Jumbo Mortgage Loans
Our jumbo mortgage loan is designed for borrowers that seek loan amounts higher than conventional conforming loan limits. We have lenders with years of experience on jumbo loans ready to help you purchase the home you need.
Current Mortgage Rates
| Mortgage Type | Rate | APR | Discount Point | Origination Point |
|---|---|---|---|---|
| 30 Yr Fixed | 6.500% | 6.60% | 1.06% | 0.00% |
| 20 Yr Fixed | 6.375% | 6.51% | 1.09% | 0.00% |
| 15 Yr Fixed | 5.875% | 5.97% | 0.59% | 0.00% |
| 30 Yr Fixed Jumbo | 6.500% | 6.59% | 0.95% | 0.00% |
| 15 Yr Fixed Jumbo | 6.875% | 6.99% | 0.73% | 0.00% |
Loans over a certain amount are called jumbo loans. In most states, mortgage loans on a single-family residence greater than $766,550 are jumbo loans. In certain high cost areas, including Alaska and Hawaii, a single-family mortgage loan over $1,149,825 is considered a jumbo loan.
Please note that additional documentation may be requested during the underwriting process as the result of information contained in the documents provided.
To contact Advancial Mortgage, email loans@advancialmortgage.com or call 1.888.876.2328.
All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Other restrictions and limitations apply.
