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Jumbo Loan Options

Jumbo Loan Options

Jumbo, or non-conforming loans, may be a good option for borrowers that have a higher-value property and can manage larger monthly mortgage payments. Jumbo loans are available for purchase and refinance loans (including cash-out refinances).

Features

  • Available in a variety of fixed- and adjustable rate loan options
  • May be able to add extra features, such as temporary buydowns


Benefits

  • Provides financing for loan amounts up to $3 million

  • Provides the convenience of one loan for the entire loan amount


Considerations

  • Interest rates are usually higher on jumbo loans than on conforming loans with lower loan amounts.

 


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