Jumbo Loans

Jumbo Loans are a type of financing where the amount of the loan is higher than the conventional conforming loan limits set by the FHFA. In most areas, the loan limit for conforming loans is $647,200. Jumbo Loans may be a great option for individuals who do not have to cash flow to contribute a large down payment. An added benefit of these loans is that there is no mortgage insurance requirement. These loans come in a variety of terms and can be available as a fixed or adjustable interest rate.

With Jumbo Loans, it is now easier and simpler to get into the home of your dreams. Get a primary residence home loan of up to $3 Million. 

Benefits:

  • Primary residence loan up to $5 million
  • Maximum Loan-to-Value (LTV) on Purchase and Rate/Term Refinance for one-unit SFR is 80% and CLTV is 90%
  • Debt-to-Income (DTI) ratio up to 50%
  • 700 minimum credit score
  • Allows two-unit properties to be a primary residence

 

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