Jumbo loans are home purchase or refinance mortgages that are larger than the ‘conforming’ limits set by government-sponsored enterprises Fannie Mae and Freddie Mac, who buy loans from lenders. They usually require a 20 percent down payment or, in the case of a refinance, at least 20 percent equity.
Jumbo loans can start from $625,500 and up in the continental United States.
We have the products and flexibility to make your home buying dreams come true with loans up to $4 million.
- Purchase and Refinance
- 30-year fixed rate loans up to $2 million
- 15-year fixed of 5-year adjustable rate mortgages up to $4 million
- Minimum FICO credit score required is 720
As a seasoned lender, we offer a variety of mortgage programs with competitive jumbo mortgage rates, including a cash-out refinance.
Jumbo Savings With a Jumbo Loan
If you’re looking to lower your monthly payments, a jumbo loan with a 3-, 5- or 7-year ARM may be right for you. Our fast, flexible and affordable jumbo loans make buying or refinancing a home a breeze. Our licensed loan officers are well equipped to handle even the toughest jumbo loans.
Do You Qualify For a Jumbo Loan?
We offer jumbo loans for primary residences, second or vacation homes, and investment properties with a variety of terms. But the requirements to qualify for a jumbo loan are stricter than they used to be.
Borrowers in the market for a jumbo loan should be prepared to:
- Have a down payment or equity of at least 20 percent
- Have well documented income for at least the past two years
- Make sure your monthly mortgage payment represents less than 38 percent of your before-tax income