Jumbo loans provide financing solutions for luxury properties and high-cost areas.
Jumbo loans permit homebuyers to borrow more than conforming and government loans allow. This gives well-qualified borrowers greater buying power in high-cost areas. If you're looking to finance a property that may exceed your county’s loan limits, a Jumbo loan is a promising option. You can learn more about your area’s loan limits here.
- Competitive rates and flexible down payment options for qualified borrowers
- Higher loan limits than those allowed by conventional conforming and government loans
- Fixed and adjustable-rate mortgages (ARMs) loan options available
- Programs available for second homes, investment properties and refinances
Is a Jumbo loan right for you?
Jumbo loans are typically suited for borrowers who possess strong credit scores and healthy assets looking to buy or refinance a high-priced property. Jumbo programs may also benefit borrowers with nontraditional employment statuses or sources of income, or those with complex financing scenarios.
If you live in a high-priced housing market or are considering the purchase of a luxury property, reach out to one of our mortgage consultant to discuss your options.