Ditech is offering jumbo mortgage rates with a 4.545 percent annual percentage yield (APR). The 4.545 percent jumbo mortgage rate is for their 5/1 Libor adjustable rate mortgage (ARM).

With a 5/1 ARM you lock in the current rate for 5 years then the rate adjusts every year after. Rates change constantly, check Ditech’s website for more current mortgage rates.

Ditech is offering 5/1 jumbo mortgage rates for home loan amounts from $417,001 up to $1,000,000 on owner-occupied single-family residential properties.

This jumbo mortgage rate assumes a loan in the amount of  $650,001.00 with 1.775 discount points, a down payment of 35% or greater, and a minimum credit score of 731. Ditech has mortgage brokers available to talk to you live 24 hours a day, 7 days a week. They even claimed to have closed on Christmas Day and New Years Day.

Ditech makes applying for a mortgage very easy, they have an online tool which allows you to sign all loan documents “virtually. For the home loan documents you need to actually sign they will send a notary right to your home or office.

Ditech also offers the following mortgages

30 Year Fixed Rate Mortgage- Traditional fixed rate mortgage, with as little as a 3.5 percent down payment

FHA Mortgage – As little as a 3.5 percent down payment, allowed 2 years after a bankruptcy, allowed 3 years after a foreclosure, less then perfect credit okay, self employed okay.

Flexible 30 year fixed mortgage – You can make interest only or interest and principal payments for the first ten years with no negative amortization

“Equity Build SM” mortgage - You save thousand of dollars in interest by making accelerated principal payments

Adjustable Rate Mortgages – 3/1 ARM, 5/1 ARM and 7/1 ARM

All mortgage applications are sent to GMAC Bank, Ditech is acting as a mortgage broker for the mortgage products they offer.