There are many benefits, including: financing available up to $2.5 million; the convenience of one loan for the entire loan amount instead of having multiple mortgages; competitive pricing… and more.
When a loan amount reaches a certain point, Jumbo loan offer financing that a traditional loan cannot. The maximum conforming loan amount varies by county.
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2019, the limit is $484,350 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $726,525. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
We’re here to make the jumbo home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our No Obligation Jumbo Loan Qualifier.
US Lender will help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
Here’s how our Jumbo Loan process works:
* This payment calculator is for informational purposes only. Ask your loan officer for the current market interest rate and APR for the most accurate payment possible which will include all of the following:
Principal and interest, property taxes, homeowner’s insurance, and mortgage insurance (if applicable).
