I've looked over a bunch of sites, bankrate.com, etc but can get a
straight answer to what mortgage rate I should expect. Can someone
give me a rate. Specifically, what rate from what company TAKING INTO
ACCOUNT: 75% LTV Super Jumbo, no income docs (stated income), credit
rating of 770, CA property, Five year preferred.  Ideally i'm looking
for a 4.5% or 4.75%, but to repeat this is a NO INCOME DOCS or STATED
INCOME deal, if the web site offing the rate doesn't specifically say
this the rate is for that, then we can be sure it doesn't.

Greetings Headsetsdotcom!  My loan was locked last Friday and I am
also a "no income verification" independent worker owning other
property free and clear, and my credit rating is in the 800s.  I
received a 5.875% loan with 1% origination fee (which I am loathe to
pay but...).  From what I discovered in research for my mortgage, 4.5%
is pretty much a pipe dream.  I appluad you if you are able to get
your mortgage for that.  :)  Shoot for 4.75% and play the companies
against each other to drive down the rate *but* for a 5-year loan you
should be able to get close to 5%.  I was getting quoted at 6.5% and
higher and I talked it down to 5.875%.  Also, make certain you can pay
up front on the principal with no penalty and good luck in your
search.

Thanks Journalist. This is helpful. Credit in the 800's?  Impressive.  Thanks again!

You're welcome.  Your question may be a bit challenging to answer
because additional personal information would probably be needed and
it would be difficult for a researcher to have all the facts -
customers are not encouraged to share very personal details at Google
Answers (name, address, etc).

As a firm believer in the tenets of Dave Ramsey's Financial Peace
advice, I seldom use credit cards (he advocates not using them at all
but using a debit card) and I detest owing money.  lol  At the
mortgage company, $1 was entered as my income and I was easily
approved.  I was amazed, too.

If you're not familiar with Financial Peace (it's a book and a
course), please peruse Ramsey's site at http://www.daveramsey.com/ 
His advice is common sense about money and he speaks from the point of
a bankrupted real estate speculator - he lost everything, pulled
himself up by his bootstraps and cleaned up his financial act.  Now he
shares his experience by hosting a nationally syndicated talk show,
Financial Peace, that you might find enjoyable.  To inquire if there
is a station broadcasting it near you, visit
http://www.daveramsey.com/radio/dsp_find_station.cfm

Again, good luck with that low rate.  :)

I noticed on TV last evening that Di-Tech was offering under 5%. 
There may be hidden costs, though, like as origination fee and
additional points to lock the rate.  The fine print appeared too fast
and too fine to catch but I thought you might like to know they are
advertising under 5%.

Dear headsetsdotcom,

Like Journalist, I also locked in a loan,
with my existing lender, and not a jumbo.

It was at 5.375 with no points. 

I looked at the DiTech rates and many others
before contacting Wells Fargo. 

In California, the best rates and lowest costs (about 
$3K title, etc) we with Wells Fargo and etrade.

Even though I have great credit and good banking
relationships, I couldn't get any of my friends to
pull strings and get me a lower rate. (Yes, I am
not ashamed to say, I did try.)

Anyway, so, with a jumbo and stated income, expect your
rate to be higher than 5.5%, unless you pay points.

Incidentally, rates are likely to be going down just a 
hair more. So you may want to wait a couple of weeks.

Oh, my Wells Fargo loan let me lock in the rate, but it has
a provision that if the rates go down before escrow closes, 
I can opt for the lower rate. (No prepayment penalties. Not
assumable.)

Good luck.

Your TaxMama-ga