Finding the perfect home isn’t easy. Neither is finding the perfect mortgage — especially for higher-priced homes. As independent mortgage brokers, we offer a wider variety of “jumbo” loan products than most banks and retail lenders, including specialized options for short-term investors and Veterans.
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.
|||Loan amounts up to $3,000,000|
|||1-2 Units eligible|
|||Up to 89.99% LTV and no PMI (Mortgage Insurance) required|
|||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.