Jumbo Home Loans

What is a Jumbo Home Loan?

Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy and finance a high-valued or luxury home. Borrowers are required to have a low debt-to-income ratio and a high credit score.

If you’re considering buying a high-valued or luxury home, a jumbo loan may be right for you.

Jumbo Loan Benefits

• Higher loan amounts that exceed conventional guidelines
• No prepayment penalty

Jumbo Loans Guidelines:

• 15- and 30-year fixed rate options
• Max 90% LTV with no mortgage insurance with credit score of 700
• Loan amount from conforming loan limit plus $1 up to $3.5 million
• First-time homebuyers allowed.
• Primary residence, second homes, and investment properties
• Loan amounts up to $4 million on 5/6-, 7/6- and 10/6-year ARMs