2015 is a huge banner year for the banks with regards to Jumbo lending.

Most jumbo loan amounts begin when Fannie and Freddie limit their loans at $417,000. However on California, many counties offer conforming loans around $625,000. This used to be considered an advantage because Fannie Mae loans offered lower rates than Jumbo loans. This has stopped being true and you could find jumbo loans with a 30 year fixed for as .25% under the conforming rate.

It seems that some retail regional lenders are beating the most important banks on rate also. A recent survey by Checkrates.com from the bay area compared the rates of Wells Fargo, Bank of America, Citimortgage, and Chase to a few smaller lenders like Parkside lending consistently beat the most important banks by .125% to .25% on many days.

As Fannie Mae and Freddie consistently increase fees, while the MBS market is continuing to pay generous spreads on the non-conforming loans, we expect the “Jumbo rate advantage” to go on for many years.

checkrates.com

CALIFORNIA ALAMEDA, CA - San Francisco-Oakland-Fremont, - $625,500
CALIFORNIA ALPINE, CA - $463,450
CALIFORNIA CONTRA COSTA, CA - San Francisco-Oakland-Fremont, - $625,500
CALIFORNIA EL DORADO, CA - Sacramento-Roseville-Arden-Arcade, - $474,950
CALIFORNIA LOS ANGELES, CA - Los Angeles-Long Beach-Santa Ana, - $625,500
CALIFORNIA MARIN, CA - San Francisco-Oakland-Fremont, - $625,500
CALIFORNIA MONO, CA - NON-METRO - $529,000
CALIFORNIA MONTEREY, CA - Salinas, CA - $502,550
CALIFORNIA NAPA, CA - Napa, CA - $615,250
CALIFORNIA NEVADA, CA - Truckee-Grass Valley, CA - $477,250
CALIFORNIA ORANGE, CA - Los Angeles-Long Beach-Santa Ana, - $625,500
CALIFORNIA PLACER, CA - Sacramento-Roseville-Arden-Arcade, CA - $474,950
CALIFORNIA SACRAMENTO, CA - Sacramento-Roseville-Arden-Arcade, CA - $474,950
CALIFORNIA SAN BENITO, CA - San Jose-Sunnyvale-Santa Clara, CA - $625,500
CALIFORNIA San Diego, Ca, CA - San Diego, Ca-Carlsbad-San Marcos, CA - $562,350
CALIFORNIA SAN FRANCISCO, CA - San Francisco-Oakland-Fremont, CA - $625,500
CALIFORNIA SAN JOAQUIN, CA - Stockton, CA Metropolitan Statistical Area - $417,000
CALIFORNIA SAN LUIS OBISPO, CA - San Luis Obispo-Paso Robles, CA - $561,200
CALIFORNIA SAN MATEO, CA - San Francisco-Oakland-Fremont, CA - $625,500
CALIFORNIA SANTA BARBARA, CA - Santa Maria?Santa Barbara, CA - $625,500
CALIFORNIA SANTA CLARA, CA - San Jose-Sunnyvale-Santa Clara, CA - $625,500
CALIFORNIA SANTA CRUZ, CA - Santa Cruz-Watsonville, CA - $625,500
CALIFORNIA SONOMA, CA - Santa Rosa-Petaluma, CA - $520,950
CALIFORNIA VENTURA, CA - Oxnard-Thousand Oaks-Ventura, CA - $603,750
CALIFORNIA YOLO, CA - Sacramento-Roseville-Arden-Arcade, CA - $474,950