Empowering High-Value Homeownership
Jumbo Loans
For homebuyers looking to invest in high-value properties, Jumbo Loans provide financing beyond standard limits. Unlock competitive rates and flexible terms for luxury homes and expansive estates.
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Expert Mortgage Guidance
Jumbo Loans FAQs
We understand that choosing the right loan can be a big decision. Below are some frequently asked questions to help guide you through the process and find the best solution for your needs.
What is a jumbo loan?
A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA) and is used for high-value properties.
What are the requirements for a jumbo loan?
Jumbo loans usually require a higher credit score, a larger down payment (typically 20% or more), and proof of significant income to qualify.
Are the interest rates higher for jumbo loans?
Generally, yes. Jumbo loans tend to have slightly higher interest rates compared to conforming loans due to the higher loan amount and risk involved.
Can I use a jumbo loan for a second home or vacation property?
Yes, you can use a jumbo loan for a second home or vacation property as long as the loan amount exceeds the conforming loan limits.
Are jumbo loans only for primary residences?
No, jumbo loans can be used for both primary residences and second homes, as well as investment properties, depending on your needs and qualifications.
