Jumbo Loans

Jumbo Loans pick up where Conventional Fannie Mae and Freddie Mac HB, High Balance loan limits end. Depending on your county, it could be from $453K to $670K.  Rates on jumbo loans are typically higher than conforming loans because Banks or investors take on 100% of the risk as they usually keep the loan till paid off.  Jumbo Lons are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans and higher scores. Your ideal profile for a JUMBO loan is 30% or more down payment, and scores over 760. If you are in the lower 700’s you are going to get a much higher rate.

I ALWAYS pre-underwrite my JUMBO clients loans because there is so much competition on the upper end inventory that we must close as fast as a cash buyer, so only thing that needs to be done is an appraisal.

We have some very competitively priced Jumbo Loans.


Call or Email me with any questions on Jumbo loans.