Jumbo Mortgage Loan

Our experienced team is ready to assist and answer all of your questions.

Benefits of a Jumbo Mortgage

Our jumbo mortgage loan options allow you to finance your big loan and still enjoy the low low rates of a conventional mortgage loan program. You also get a full range of choices between fixed and adjustable rates.

Here are a few of the key reasons you might consider this loan option:

  • You need a mortgage between $424,100 and $3,000,000
  • You still want the flexibility of selecting a variety of rates and terms
  • You want a lender that can quickly process and close a jumbo purchase or refinance

The jumbo mortgage is designed for an elite set of borrowers that need a much larger loan than the conventional borrower. You also probably expect a higher level of service, so fill out the form to the right for immediate service and a rate quote.

Do It Yourself Mortgage Analysis

Review the Different Types of Loans

  • 30-year Fixed Rate Loan
  • FHA Loan
  • VA Loan
  • 15-year Fixed Rate Loan
  • Jumbo Loan
  • Adjustable Rate Loan

Questions We Get Asked About Jumbo Loans

  • What is the definition of a jumbo loan? A jumbo loan, or a jumbo mortgage, is a category of home loans that exceed the conforming loan limits (maximum that can be financed) set by the Federal Housing Finance Agency. Because of this limit, mortgages that exceed this threshold are not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.
  • How does a jumbo loan work? Just because Fannie Mae and Freddie Mac will not accept these larger loans does not mean they are not available. They just tend to have a little higher rate and cost and often require a much higher down payment, anywhere from 15%-35% depending on your credit profile.
  • Why are jumbo loans more expensive? The interest rates on jumbo mortgages tend to be significantly higher because of they do not have large guaranteers, like Fannie Mae and Freddie Mac (the US government) and mortgage insurers to back these loans in case of default by the borrower. This increases the risk to the mortgage lender making and servicing the loan. This risk is then hedged with higher mortgage rates and costs.

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