JUMBO LOANS
For Home Loans Exceeding Conforming Loan Limits
A Jumbo mortgage is used for home loans that exceed the limits for conforming loans as set by the Federal Housing Finance Agency (FHFA). These amounts may vary by state or region.
Accessible Home Loans
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Down payments as low as 10%
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Financing options for primary residence and second homes as well as investment properties
Flexible Loan Options
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Choice of Fixed-Rate or Adjustable-Rate Mortgages (ARMs)
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Available to first-time or seasoned home buyers
A Fixed-Rate Mortgage has an interest rate that remains the same for the life of the loan. An Adjustable-Rate Mortgage (ARM) is a home loan with an interest rate that can change periodically.
Qualification Requirements
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Minimum 661 credit score
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Flexible Loan-to-Value (LTV) ratio
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Varying Debt-to-Income (DTI) ratio
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3-12 months of housing expense reserves*
* Savings or a liquid asset set aside to cover unexpected costs or future financial obligations.
