Refinance 850K Single Family House

[Amir Saeed]

I just bought a Single family house. The current payoff is around $806K. I am done with the third payment now. I am looking to refinance the loan around 850K. I have over 20% LTV. My goal is to bring the monthly payments down. Do I have to go for a Jumbo loan or is there any other program that I can qualify for. Credit and earnings are good. Please advise what would be the best method to refinance and what kind of rates I am looking at.