Jumbo Loan: Your Best Big Home Loan Option?

Looking to purchase a large homestead? Jumbo loans cover loan amounts starting at $510,401 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 Good Stuff

Here are the top perks you may expect if you select a jumbo loan as your home loan choice.

Ditch Multiple Mortgages

With a jumbo loan, you're able to borrow a sizable amount of cash in a single mortgage, meaning you can bypass having to complete multiple home loan applications to get the property you want. This saves you on interest, closing fees and also helps simplify the home loan process.

Don't Have Perfect Credit?

Don't let less-than-perfect credit scare you away from going after that dream home you've got your eye on. Borrowers with credit scores as low as 680 may still qualify for a jumbo loan. You can even get approved online now.

Flexible Terms

The jumbo loan offers flexible mortgage terms with both adjustable and fixed-rate options. This enables you to weigh your options before
signing on the dotted line.

Prepay Without Penalties

Jumbo loans have no penalties for early payoff should you decide to refinance, pay down the loan balance or sell the property.

The Nuts And Bolts

Jumbo loan amounts range from $510,401 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

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

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.

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Jumbo Loan: Seeking A Supersized Spread?