About Jumbo Loan Mortgage Rates in Colorado
In general, borrowers are subject to jumbo mortgage rates in Colorado when they open a loan for more than $453,100. However, if a borrower is looking to open a single-family loan in certain high-cost areas of Colorado, they will be charged jumbo loan mortgage rates in Colorado on loans above $679,650.
The structure of a jumbo loan is similar to other conventional mortgage loans, the primary differences being the slightly higher interest rate and the increased down payment. Typically, rates for a jumbo loan can be ½ to 1% higher than rates for standard conventional loans. Jumbo loans were designed to help high-income individuals afford luxury homes or smaller homes in highly desirable areas.