Jumbo Loans

Jumbo Loans

What Is A Jumbo Loan?

A jumbo mortgage loan is a type of financing where the loan amount is higher than the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Jumbo loans can be used for primary homes, investment properties and vacation homes.

What Are The Advantages Of A Jumbo Loan?

For borrowers who want to buy a home in more expensive areas of the country, or are shopping for a luxury property, a jumbo loan may be your only option, unless you have the cash to make up the difference between the conforming loan limits and the purchase. Jumbo loans are not designed to help borrowers “stretch” and buy more home than they can afford. Instead, they’re for financially secure borrowers who are buying homes that are more expensive than average. A jumbo loan can be the solution you need to pay for that perfect home in your very expensive neck of the woods. Or it can be the ticket into the home of your dreams. Talk to our Home Loan Experts to see if you qualify for a Jumbo Loan and weather or not it is right for you.