Jumbo Loans are the answer when you need to finance more than Fannie Mae's, Ginnie Mae's and Freddie Mac's conventional loan limits of $417,000.
Key Features of Jumbo Loans
- You can scoff at conventional loan limits and borrow some serious money
- Make sure you have your finances in order or you’re not eligible
- Choose from 15- or 30-year terms with fixed or adjustable rates
|Down Payment||20% of the final loan amount|
|Terms||15, 30 years, fixed and ARMs|
|Credit Score||700 minimum|
|Maximum Loan Amount||$2.5 million|
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