JUMBO LOANS

Jumbo mortgages are a good solution for borrowers who are looking to buy a higher-priced home. If you have a higher property value and can manage larger monthly mortgage payments, consider a jumbo, or non-conforming, loan. Jumbo mortgages are home loans that are bigger dollar value loans than your typical loan.

Benefits and Considerations:

  • Higher Purchase Limits
  • Competitive Rates

Requirements and Qualifications:

  • Credit history
    Conventional loans are a good choice for borrowers with very good credit, which generally means a FICO score of 680 (may go lower, upon exception) or higher.
  • Down payment
    Gift for a portion or all of the down payment available.
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