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Jumbo Loan
Limits
Jumbo loan limits are loan amounts that are
above the loan amounts listed below.
|
48
States |
Hawaii
/ Alaska |
|
Single
Family |
$322,700 |
$484,050 |
|
2 Units |
$413,100 |
$619,650 |
|
3 Units |
$499,300 |
$748,950 |
|
4 Units |
$620,500 |
$930,750 |
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Why do you need to know this?
Once you know your loan is classified as Jumbo or Super Jumbo,
you need to ask different questions. From the first
conversation you have with your lender, you need to make
certain that he or she knows you need a jumbo or super jumbo
loan. You need to be prepared for having at least two
appraisals on the property, and potentially providing more
documentation than other loan programs. You need to make
certain that your lender has the proper resources to offer you
competitive jumbo and super jumbo financing.
Do you want a lender
who is inexperienced in working with jumbo and super jumbo
loans? Do you want to risk your time and investment? We will
connect you with the right jumbo lenders who can provide a
variety of products for many different classifications of
borrower.
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