Hi James ... I'm just back from enjoying the holidays and saw your post. Here's today's rate quotes for two of our Jumbo loan programs ...
Our rate quote for today for a Jumbo 7/1 ARM priced for your loan parameters would be 2.875% @ 0 points with a $4,800 lender credit to be used to offset the closing costs. The APR is 2.875%
Our rate quote for today for a Jumbo 30 Year Fixed priced for your loan parameters would be 3.750% @ 0 points with a $4,800 lender credit to be used to offset closing costs. The APR is 3.750%
Our Bank also offers a Jumbo 10/1 ARM and 5/1 ARM if you are interested in additional loan program options.
PNC Mortgage offers free no obligation mortgage pre-approvals for home shoppers whom are looking to purchase a home but have not yet settled on a property. This is a "real" pre-approval that goes through the full underwriting process as opposed to the less reliable "pre qualification" that many lenders issue after a quick review of your qualifications.
My Office is located in Torrance, CA but I work with clients throughout CA. Thank you!