What is a Jumbo Mortgage?
A jumbo mortgage is a loan that is designed for buyers who are purchasing or refinancing a home that is priced higher than traditional conforming loan limits (set by Fannie Mae and Freddie Mac).
Jumbo Mortgage Options Features Include:
Loan amounts up to $5,000,000
Low down payment options
Solutions for hard-to-document income and credit issues
Fixed, Adjustable, and Interest-Only loan types available
Program details listed above may or may not be combined within one specific mortgage product, subject to borrower qualifying based on common underwriting factors. Not all loan programs are available in all states and may have loan size and or property type restrictions. Some restrictions may apply. Some programs and features may be available only through a brokered partner.
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Buying a home is a big investment, it’s important to understand everything involved and see how much you can afford.
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