Jumbo loans are a great option for those seeking to borrow amounts exceeding the loan limits set by the Federal Housing Finance Agency (2023 limit $726,200 for 1 unit in most counties, high-cost areas $1,089,300).
Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie Mae and Freddie Mac, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
If you are looking to buy the luxury home of your dreams, our jumbo mortgage option allows you to borrow up to $3 million dollars. Qualify with either W2 or Self Employed
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