Jumbo Mortgage Loan
Fixed Rate Loan: 15 or 30 year terms
A mortgage is classified as a Jumbo loan, or Non-conforming loan, when it exceeds the maximum conventional loan (conforming limits). Currently, the limit is $510,400.
- Low, fixed rates
- Offers predictable monthly payments for the life of the loan
- Minimum credit score of 661 to qualify
- Down payment as low as 10% of purchase price
- Maximum debt-to-income ratio of 38% to qualify
- Reserves required
- Gift funds allowed