What is a Jumbo Home Loan?
Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy and finance a high-valued or luxury home. Borrowers are required to have a low debt-to-income ratio and a high credit score.
If you’re considering buying a high-valued or luxury home, a jumbo loan may be right for you.
Jumbo Loan Benefits
- Higher loan amounts that exceed conventional guidelines
- No prepayment penalty
Jumbo Loans Guidelines:
- 15- and 30-year fixed rate options
- Max 90% LTV with no mortgage insurance with credit score of 700
- Loan amount from conforming loan limit plus $1 up to $3.5 million
- First-time homebuyers allowed.
- Primary residence, second homes, and investment properties
- Loan amounts up to $4 million on 5/6-, 7/6- and 10/6-year ARMs
Apply Now
Get started with our easy online application
CLICK HERE TO GET STARTED