30-Year Fixed Jumbo Mortgage Refinance Interest Rates in Helena, MT
Explore 30-year jumbo mortgage interest rates in Helena, MT over time.
Current Interest Rate: 7.035%
Optimal Blue, 30-Year Fixed Rate Jumbo Mortgage Index [OBMMIJUMBO30YF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/OBMMIJUMBO30YF
Compare mortgage rates in Helena, Montana
Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in MT, total loan amount of $800,000.
| Lender | APR | Monthly Payment | Rate | |
|---|---|---|---|---|
 NMLS #1025894 | 6.397%30-Year FixedLowest APR | $4,926Fees & Points: $12,452Includes 1.469 Points ($11,752)Lowest Payment | 6.250% | |
 NMLS #401822 | 6.668%30-Year Fixed | $5,057Fees & Points: $14,000Includes 0.750 Points ($6,000) | 6.500% |
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details
What is a 30-year fixed jumbo mortgage in Helena, Montana?
A 30-year fixed jumbo mortgage in Helena, Montana is a home loan that exceeds the conforming loan limits set by the FHFA, typically around $726,200. This mortgage has a fixed interest rate and consistent monthly payments over 30 years, suitable for high-value properties in Helena, Montana.
How do jumbo mortgage rates in Helena, MT compare to conventional mortgage rates?
In Helena, MT, jumbo mortgage rates are generally higher than conventional rates due to the increased risk for lenders. Rates can vary based on your financial profile and market conditions in Helena, MT.
What are the requirements for a 30-year jumbo mortgage in Helena, Montana?
Lenders in Helena, Montana usually require a higher credit score (typically 700+), a larger down payment (often 20% or more), and a lower debt-to-income ratio compared to conventional loans.
Can I refinance a 30-year jumbo mortgage in Helena, MT?
Yes, refinancing a jumbo mortgage in Helena, MT is possible and can help secure a lower rate or change the loan terms. The process may be more stringent due to the higher loan amount.
What are the benefits of a 30-year fixed jumbo mortgage in Helena, Montana?
Benefits include financing higher-value properties, fixed interest rates for stability, and consistent monthly payments over 30 years for homes in Helena, Montana.
Are there closing costs for jumbo mortgages in Helena, MT?
Yes, closing costs in Helena, MT can be higher than for conventional loans due to the larger loan amounts and additional scrutiny during approval. They typically range from 2% to 5% of the loan amount.
How can I get the best 30-year jumbo mortgage rate in Helena, MT?
To get the best rate in Helena, MT, maintain a high credit score, save for a substantial down payment, and compare offers from multiple lenders. Economic conditions and lender policies in Helena, MT also play a role.
What is the difference between a conforming and a jumbo loan in Helena, Montana?
A conforming loan in Helena, Montana adheres to the FHFA limits and can be purchased by Fannie Mae or Freddie Mac. A jumbo loan exceeds these limits and is not eligible for purchase by these entities, resulting in different qualifying criteria and potentially higher rates.