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.
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:
|Rate and term 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.