*2023 Update Jumbo Loan Limits Increase to $726,200. A Jumbo Loan is any loan over the conventional loan amount $726,200 effective immediately. 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 a number of benefits Jumbo loans offer when compared to other financing options.
- Financing available over $726,200 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
How Do I Get Started?
For more information about a jumbo purchase loan and the benefits and loan options, please contact us direct or submit the “Quick Quote” form on this page.