WHY CHOOSE A JUMBO MORTGAGE?

Financing Designed for Higher Prices Homes 

Jumbo mortgages are designed for homes that exceed conventional loan limits. They can offer competitive rates and flexible financing options for borrowers with strong credit, stable income, and sufficient assets. Because guidelines vary by lender, jumbo financing can often be tailored to fit the needs of buyers purchasing higher-priced properties.
 

Who Is a Jumbo Mortgage Best For?
 

A jumbo mortgage may be a great fit for a borrower with strong credit, manageable monthly debt, and funds available for the down payment, closing costs, and required reserves. It is especially useful for buyers who need a larger loan amount than conventional financing allows.
 

Examples:
 

• A salaried homebuyer with strong credit, stable employment, consistent income, and sufficient funds for the down payment, closing costs, and reserves.

• A self-employed borrower with strong credit, documented qualifying income, manageable debt, and sufficient available assets.

• A buyer purchasing a luxury home, second home, or investment property with a loan amount above conventional limits.
   

Borrowers do not have to meet every example above, and qualification requirements vary by lender and individual financial profile.