Jumbo Loans
Jumbo Loan
Finding the perfect home isn’t easy. Neither is finding the perfect mortgage — especially for higher-priced homes. As independent mortgage brokers, we offer a wider variety of “jumbo” loan products than most banks and retail lenders, including specialized options for short-term investors and Veterans.
If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you. Jumbo Loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
There are many benefits, including: financing available up to $2.5 million; the convenience of one loan for the entire loan amount instead of having multiple mortgages; competitive pricing… and more.
Jumbo loans exceed the maximum loan limits established for conventional mortgages. These limits vary by location and are higher than the limits set for conforming loans.
Borrowers seeking a jumbo loan usually need a higher credit score, a lower debt-to-income ratio, and a more substantial down payment compared to traditional conforming loans.
Interest rates for jumbo loans can be slightly higher due to the increased risk for lenders, but rates can vary based on market conditions and the borrower’s financial profile.
Yes, jumbo loans can be used for various properties, including high-value single-family homes, luxury properties, condos, and investment properties.
