There are many benefits to jumbo loans. One of the biggest benefits is that financing options are available for up to $3,000,000. This may provide convenience to many borrowers.
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2020, the limit is $510,400 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $765,600. Rates may be a bit higher on jumbo loans because lenders generally have a higher risk.
We’re here to make the jumbo home loan process easier, with tools and knowledge that will help guide you along the way, starting with our Jumbo Loan Qualifier.
We’ll help you see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a repeat buyer.
The Jumbo Loan Process
Here’s how our home loan process works:
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