A loan that makes big dreams come possible
As the name suggests, a Jumbo Loan is a home mortgage solution that’s designed to meet your high-end needs. It enables you to borrow a greater sum of money – one that typically exceeds the conventional loan limit in your area. Often known as the “non-conforming loans”, Jumbo Loans do not conform to Fannie Mae or Freddie Mac’s purchasing standards or have the guarantees that come with conforming loans. You can use your jumbo mortgages to buy a variety of properties, including primary residences, vacation houses, and investment properties.
Due to the high risk involved, Jumbo Loans often have strict qualification requirements and require a stellar credit score to qualify. much higher down payment as compared to conforming loans.
- Loan up to $3 Million
- Minimum FICO® Score of 680
- Requires 5% down
- Lender paid mortgage insurance option available
- Adjustable and fixed-rate loans available for 15- to 30-year terms
People who need a loan greater than the conventional loan limit, i.e., between $647,200 and $3 million.
Have a stellar credit score and healthy cash reserves
