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Jumbo Loan: Your Best Big Home Loan Option?

Looking to purchase a large homestead? Jumbo loans cover loan amounts starting at $453,101 and going all the way up to $2,000,000. But big spenders still want flexibility, right? Jumbo loans are available in adjustable and fixed-rate options, and bi-weekly payment options. Now you can be a big spender with some options to consider.

Scroll down to learn more about jumbo loans or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Nuts And Bolts

The Nuts And Bolts

  • Jumbo loan amounts range from $453,101 up to $2,000,000.
  • You can purchase a primary home with as little as 10% and that includes Single Family Residences, Planned Unit Developments (PUDs) and Condos.
  • You can refinance up to 90% of your primary home's value.
  • Cash out refinance is permitted.
  • Credit a consideration? No problem – credit scores as low as 680 may qualify.
  • Sellers can help too! Up to 9% of seller contributions are allowed toward closing costs.

 

More Details And Specifics

More Details And Specifics

  • Jumbo loans are available with fixed and adjustable rate options.
  • Need some help? Non-occupant co-borrowers are permitted with jumbo loans.
  • Jumbo-loan borrowers may have a maximum of eight financed properties.
A Few Extras

A Few Extras

  • You have multiple mortgage insurance options for loans with less than 20% down payment or equity.
  • Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.
  • Some jumbo loan transactions may require a second appraisal and/or reserve requirements.