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Jumbo Mortgage

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Is Jumbo loan right for you?

Need a bigger loan for your property? Then a jumbo loan might be right for you. While similar to conventional loans, jumbo mortgages exceed the amount of conventional conforming loan limits. With larger loans come increased risk, so keep in mind that jumbo loan qualification requirements can be stricter.

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Benefits of a Jumbo loan

  • Purchasing a high end home: Consider a jumbo loan if you need a loan that exceeds your county’s conforming loan limit.
  • Eliminate the need to have multiple loans: Provides the convenience of one loan for the entire loan amount, with a variety of options.
  • Save on mortgage insurance: Since a 20% down payment is often required for jumbo loans, private mortgage insurance isn’t always required.
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Jumbo loan eligibility requirements

  • Good credit score
  • A deposit of 20% or higher
  • Proof that you are able to repay the loan
  • Statement of assets
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Check out what your monthly payment could be by using our Jumbo Mortgage Calculator…

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

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$726,200 $2 Million
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Purchase Price $
Down Payment $
Total Loan Amount $
Estimated Taxes & Insurance Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
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Estimated Payment $ /mo
Loan amount
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Down payment
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Payment Breakdown
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan. Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
  • Principal payments: $$240,000 (the amount borrowed)
  • Interest payments: $$297,554 (the cost of borrowing)

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No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!

Conventional

If you’re looking for a mortgage with low fees, a conventional home loan may be a good option for you. If you are eligible, there are a number of benefits.

FHA

Worried about a low credit score or not being able to afford a large down payment? With less strict requirements, a FHA home loan may be the right loan for you.

VA

VA loans are government-backed loans intended to help eligible service members, veterans, and military spouses to purchase homes. These loans come with great rates and payment terms, and require no down payment. Are you an active military member, veteran, reservist, or surviving spouse? You may be eligible for a VA loan!

Jumbo

Need a bigger loan for your property? Then a jumbo loan might be right for you. While similar to conventional loans, jumbo mortgages exceed the amount of conventional conforming loan limits. With larger loans come increased risk, so keep in mind that jumbo loan qualification requirements can be stricter.

Renovation

Purchase and fix up your dream home with a rehab home loan. A rehab loan lets you include the cost of home improvements and repairs into a new home loan. Finance your home’s purchase price and any repairs or upgrades to be made in one mortgage.

USDA

The USDA Mortgage is meant to spur homeownership in pre-designated rural and underdeveloped areas. Take advantage of a 0% down-payment with this program!

Non-QM Loans

Many homeowners lack the standard or continuous sources of income required by mortgage lenders. However, even if they are unable to qualify for conventional loans for a variety of reasons, these buyers may have sufficient income or assets to afford homeownership. In certain cases, a non-qualified mortgage (non-QM) could be the solution.

Foreign National Loans

Foreign national loans are designed for non-U.S. citizens who want to buy property in the United States. These loans are for people who aren’t permanent residents or don’t have a green card.

Commercial Loans

Commercial loans are financing options for businesses. Unlike residential mortgages, they use commercial properties as collateral. Typically taken by business entities, these loans help expand workspace and grow businesses.

Reverse Mortgage Loans

A reverse mortgage lets homeowners tap into their home equity. Unlike traditional mortgages, you get paid by the lender. Payment options include monthly installments, lump sum, or a line of credit.

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Jumbo Calculator

Calculate your monthly payments and total costs for a jumbo mortgage that exceeds conforming loan limits.

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