JUMBO MORTGAGE
What Are Jumbo Loans?
Jumbo loans, also known as non-conforming loans, are mortgages that exceed the limits set by government-sponsored enterprises like Fannie Mae and Freddie Mac. These loans are ideal for purchasing high-end homes, luxury estates, or properties in affluent neighborhoods where home prices exceed the conventional loan limits.
Features of Our Jumbo Loan Program:
- High Loan Amounts: Our Jumbo loans offer financing options for properties with loan amounts that exceed the limits of conventional mortgages. Whether you’re purchasing a multimillion-dollar estate or a prestigious penthouse, our loan program can accommodate your borrowing needs.
- Flexible Terms: We understand that every borrower’s financial situation is unique. That’s why we offer flexible terms and repayment options tailored to your specific requirements. Whether you prefer a fixed-rate or adjustable-rate mortgage, our Jumbo loan program provides the flexibility you need to achieve your homeownership goals.
- Competitive Interest Rates: Despite the larger loan amounts, our Jumbo loans feature competitive interest rates that are on par with conventional mortgage rates. With our attractive financing options, you can enjoy the benefits of homeownership without breaking the bank.
- Streamlined Application Process: Our experienced team of mortgage professionals is dedicated to providing a seamless and stress-free lending experience. From pre-qualification to closing, we’ll guide you through every step of the process and ensure a smooth transaction from start to finish.
Who Qualifies for Jumbo Loans?
To qualify for a Jumbo loan, borrowers typically need:
- A strong credit history and a high credit score
- A stable income and employment history
- A low debt-to-income ratio
- Sufficient cash reserves for down payment and closing costs