JUMBO Loans

Are you looking to purchase more home without all the stress? A Jumbo Loan may help make your big purchase a little easier. This loan allows you to purchase a more expensive home that is above the conforming loan limit, set by the Federal Housing Finance Agency. Although Jumbo Loans come with stricter requirements due to the ever changing housing market, they do follow a similar process of conforming loans. If you plan on purchasing a home over the maximum loan limit, this may be your best and only option to do so. 

General Guidelines:

• Maximum LTV 90% for purchase and generally 80% on a rate-term refinance or 75% on a cash-out refinance
• Primary residence, investment property or second home
• 1-4 family owner occupied
• Escrows not required is LTV is 80% or below