Jumbo Loan Program
A jumbo loan, or jumbo mortgage, is a mortgage loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Jumbo loans are called nonconforming loans because they do not conform to those limits.
Key Benefits and Requirements
680 minimum Fico score
Loans up to $10,000,000
Down payment as low as 5%
30 & 40 fixed terms
Interest only options
Bank statement programs
14 day closings
DTI up to 50%
INDUSTRY LOW RATES
A jumbo loan is a mortgage that exceeds conforming loan limits set by the Federal Housing Finance Administration. It might sound like the stuff of millionaires, but that’s not necessarily true. While it is a larger debt than most mortgages, a jumbo loan may be your best choice depending on your income, the price of the home you want to buy and the menu of loan options available to you. Jumbo loans can be used for primary homes as well as for investment properties and vacation homes.
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