Large Mortgage Loan Solutions
Jumbo mortgages when you just need more.
Jumbo mortgages assist homebuyers in purchasing homes that exceed the conforming loan limits set by the Federal Housing Financing Agency. This mortgage option is great for people that want to secure financing for a home without depleting their savings on a down payment to get the loan within government limits. Here are just a few benefits to financing your next purchase with a jumbo mortgage:
- Finance higher priced homes
- Flexible loan options
- Competitive interest rates
- Potential tax advantages
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Flexible mortgages now and in the future.
Finance higher priced homes
Jumbo mortgages allow borrowers to finance homes up to $2 million which would exceed the loan limits set by conventional mortgages.
Built to Scale
Jumbo loans can be used in a variety of ways including being utilized for both primary and secondary homes.
Flexible loan options
Jumbo mortgages come with various loan options, such as fixed-rate, adjustable-rate, and various term mortgages.
Potential tax advantages
In some cases, borrowers of jumbo mortgages may be able to deduct the interest paid on their loan from their federal income taxes.
Resources for homebuyers.
Renting vs Owning
First Time Homebuyer
How much will my mortgage save me in taxes?
How much can I borrow?
How much interest could I save by increasing my mortgage payment?
How much could I save with a 15-year mortgage?
How long will it take to break even on a mortgage refinance?
Should I buy points?
What will my monthly payment be?
Should I buy or rent a home?
How do I qualify for a jumbo mortgage?
A jumbo mortgage is a home loan that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac, which is currently $548,250. Jumbo mortgages are used to finance higher-priced properties.
What is the minimum down payment for a jumbo mortgage?
The minimum down payment for a jumbo mortgage is typically around 10-20% of the purchase price.
What is a jumbo mortgage?
Yes, you have the option to refinance your ARM into a fixed-rate mortgage. This can help you secure a stable interest rate and monthly payment.
Can I refinance a jumbo mortgage?
Yes, you can refinance a jumbo mortgage just like you would with a conventional mortgage.