Jumbo Purchase

*2021 Update Jumbo Loan Limits Increase to $548,250. A Jumbo Loan is any loan over the conventional loan amount $548,250 effective January 1, 2021. We offer fixed to adjustable rate options varying on the amount of time you plan on staying in the property. Terms start at 30 years down to a more aggressive 15 year term.

These loans typically have a larger down payment than other loan options due to the nature of the larger purchase price and financing amount. We offer 3 different Jumbo Mortgage Loans depending on your goals.

Am I Eligible for a Jumbo Loan?
The same factors examined when applying for any home loan are looked at when applying for a Jumbo loan. However, qualifying for a Jumbo loan typically requires higher credit scores, lower debt-to-income ratios, higher reserves, and larger down payments than qualifying for a standard conforming home loan.

What Are the Benefits of a Jumbo Loan?
There are number of benefits Jumbo loans offer when compared to other financing options.

 Benefits include:

  • Financing available over $548,250 up to $2,500,000
  • 1 loan instead of breaking it up into multiple loan options
  • Competitive rate pricing and fees
  • Fixed and adjustable rate mortgage options available for your time frame
  • Quick loan underwriting and approval days not weeks
  • Mortgage broker 1 on 1 service, rates, and fees

jumbo loan

How Do I Get Started?
For more information about a jumbo purchase loan and the benefits and loan options, please contact us direct at 281-627-4222 or submit the quick quote form on this page.