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CalPERS MortgagesJumbo mortgages are any California mortgage loan amount over $333,700. Jumbo mortgage rates will be a at slightly higher mortgage rates than conventional mortgages (conventional mortgages are loans less than $333,700). Jumbo mortgages are available for mortgage need. This would include the following:
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California Department of Real Estate Broker:
Best Price
Details
A customer must provide a complete, system generated Good Faith Estimate,
listing a specific lender's name, that is dated the same day as the rate quoted
by us. If such Good Faith Estimate indicates an equivalent or lower interest
rate and closing costs package, for the same loan program that is offered by us
and we have verified the accuracy of the rate and fees listed then we will have
the option of beating that lender's total loan costs by $100 or paying the
customer $500 ($750 for properties located in California) when they close with
that lender and provide us with a copy of the signed Note and Final HUD-1
Settlement Statement.