Jumbo Loans
A jumbo loan is designed to finance high-cost properties or properties in high-priced locations, with a loan value that exceeds the conforming limit.1
Features and Eligibility
- Financing more than $766,550 ($1,149,825 in some markets)
- Various proprietary jumbo loan products with flexibility
- Fixed or adjustable rate mortgage (ARM) options
- Higher purchase limits
- Available for primary residences, second homes, or investment properties
- Down payments as low as 10.01%
Who Should Use a Jumbo Loan?
A jumbo mortgage loan allows you to purchase a more expensive home with a loan amount above conforming loan limits. If you have good credit, but don't have enough funds on hand to bring your home loan amount under the conforming limit, a jumbo home loan might be the right option for you.
Refinance an existing mortgage for a better rate, different terms, or to get cash out for whatever you need.2
- Fixed or adjustable rate options
- Available for primary residences, secondary homes or investment properties
Additional Resources
Disclosures:
1 A conforming loan is a mortgage loan that conforms to Fannie Mae and Freddie Mac guidelines. A non-conforming loan will typically be in reference to a Jumbo loan; however, any loan product that does not conform to Fannie Mae and Freddie Mac is considered non-conforming.
2 By refinancing the existing loan, the total finance charges may be higher over the life of the loan.