JUMBO + SUPER JUMBO LOAN BENEFITS
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Loan amounts up to $25 million or more
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Underwriting flexibility
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Portfolio loan options
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Extensive range of mortgage programs and options
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Interest-only options available
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Unique properties considered
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90% financing on purchase loans
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Highly competitive non-resident alien programs
What are Jumbo + Super Jumbo Loans?
Jumbo and Super Jumbo Loans offer the flexibility of borrowing with less restrictions. They can be used to finance primary residences, second or vacation homes and investment properties. A Jumbo Loan may also be the right option when refinancing an existing home loan or consolidating multiple mortgages into a single loan.
A mortgage is generally considered a Jumbo Loan when it exceeds the conforming loan limit, $484,350 in most U.S countries, set by Fannie Mae and Freddie Mac. Super Jumbo Loans usually include mortgage amounts over $1 million.
Key Jumbo Loan Features Include:
- Jumbo loan amounts from $417,001 to $3 million
- Fixed rate, ARMs, and interest only ARMs
- Financing on primary residences and vacation homes
- Pre-qualification available for purchase jumbo loans
- Refinance jumbo loan opportunities
- Cash out products
All home equity loans and lines of credit are subject to program eligibility, underwriting and collateral requirements and approval, including credit approval.
Disadvantages Include:
- Higher interest rates
- Tying up your money in a down payment
- Higher closing costs