JUMBO LOANS
Opening the Doors to Higher Priced Homes
A jumbo loan, or non-conforming mortgage, allows you to purchase more expensive homes with a loan amount above the conforming limit set by the Federal Housing Finance Agency. In most areas of the country, the conventional conforming loan limit is $647,200; however, the limit is $970,800 in higher cost areas.
Finance a home over the maximum loan amount established by the Federal Housing Finance Agency
Higher purchase limits allow borrower to purchase more house
Convenience of one loan for the entire loan amount
Primary residence, second home or investment property
Fixed-rate or adjustable-rate mortgages (ARM)
Is a Jumbo Loan Right for You?
⋅Low debt-to-income (DTI) ratio
⋅Higher credit score
⋅Need funds to bring the loan amount under the conforming limit
Invest in the Future You Deserve.
Not only do you deserve a perfect home, but one that will
lead to a better future. We can help you get there.
* This article does not constitute tax or financial advice. Please consult a tax and/or financial advisor regarding your specific situation.
**Subject to underwriting review and approval.