Financing in Logan Square>Question Details

Carl, Other/Just Looking in Chicago, IL

do the same mortgage rates apply to 203(k) loans (e.g. do jumbo rates apply to 203(k) loans over $417K)?

Asked by Carl, Chicago, IL Sat Jun 28, 2008

this is an add-on question to one I asked previously: since HUD endorses a 203(k) loan as soon as the funds are distributed, thereby decreasing the risk to the lender, do jumbo rates still kick in if the mortgage is higher than $417K? Thanks.

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1
The rates on the higher balance 203k are currently showing an .125 higher than the conforming 203k.
0 votes Thank Flag Link Sat Jun 28, 2008
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