Jumbo Loan

……….A loan that does not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo mortgage loan. In most states, home loans that exceed $322,700 to $1,000,000 are considered  Jumbo Mortgages. Jumbo Mortgages carry slightly higher interest rates than conventional home loans.

Super Jumbo.

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……….A loan amount over $1 Million is classified as a "super jumbo" loan.  Most lenders do not offer residential mortgage financing for Super Jumbo loans, and some lenders only do Super Jumbo loans.  As with a jumbo loan, documentation requirements, interest rates, and review processes are generally different and more demanding on super jumbo loans than "conforming" loans, due to the amount of money involved.

Finding the Right Jumbo Lender!

……….We will helps you to attain the perfect loan for your specific needs by distributing your request to up to 3 different Jumbo Loan Specialists to shop the market for the perfect Jumbo or Super Jumbo Home Loan for you.

Our Lenders are among the nation’s top and most experienced Jumbo Mortgage lenders and are able to offer a variety of Jumbo loan mortgage programs for borrowers interested in both fixed and adjustable rate loan terms.

 

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