Jumbo Loans

Suburban home with front porch

Jumbo Loan

Jumbo mortgages are home loans that are more expensive than the typical traditional loan and exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you. Jumbo Loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.

Jumbo Loan

What are the benefits of a Jumbo Loan?

The main benefit for borrowers is that a jumbo mortgage lets you borrow more than the limits imposed by Fannie and Freddie. For instance, if you’d like to borrow $1 million against a $1.5 million home, a jumbo loan makes it possible.

90% Financing for 1 Unit.
Loan Amount up to 4,000,000.
Eligible Properties: 1- 4 Units. Condos and Co-Ops.
Fixed and Adjustable Rate Options.
What type of jumbo loans are offered?

You can use to:

Purchase.
Rate and term refinance.
Cash-out refinance.
Investment property purchase or refinance.
Still have questions on the Jumbo Loan Process?

If you still have questions on the Jumbo Home Loan Process, please contact New Dwelling Mortgage at 1-844-317-3050, Monday through Friday from 9:00 am to 5:00 pm EST.