If the home of your dreams is in an extremely desirable and higher-priced real estate market or you need to significantly upsize due to a growing family, a Jumbo loan may be the best option for you.
What Is a Jumbo Loan?
Jumbo loans allow for mortgage amounts above the maximum conforming loan limits. This provides the convenience of one loan for the entire amount. Jumbo loans are available for primary residences, second or vacation homes, and investment properties.
Jumbo Loans Are Great for Homebuyers Who Have:
- A desire to purchase a high-end home
- The ability to pay a larger monthly mortgage payment
- Strong credit scores
- A higher income
- Money to put towards a large down payment
Advantages of Jumbo Loans:
- Loan amounts up to $3 million
- Fixed- and adjustable-rate loans
- Available for single-family homes, townhouses, and condos
- Primary residence and second/vacation homes
Contact us today to learn more about Jumbo loans!
Our Mortgage Loan Originators work with you to determine if your loan amount falls outside the conforming limits. We help you understand your options when deciding on the right loan to fit your needs.