Jumbo Mortgage Loan
Whether you're buying a home in a high-cost area or refinancing your existing jumbo loan, our Home Loan Heroes are ready to pave the way.
The Home Loan that Lets You Dream Big:
- Fixed and variable rates available
- Loans from $806,501 to $4 million
- Credit scores as low as 700
- Down payment as low as 5%
- Debt-to-income ratio (DTI) up to 43% for loans under $1 million; 41% DTI for loans over $1 million
- Terms of 15, 20, or 30 years
- Loans for primary residence only
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Jumbo Mortgage Loans
| Type and Term | Rate1 | APR2 | Points |
Lender Fee |
|---|---|---|---|---|
| 15-year Jumbo | 5.875% | 7.720% | 0% | 0.00% |
| 30-year Jumbo | 6.625% | 7.210% | 0% |
0.00% |
Frequently Asked Questions:
What qualifies as a Jumbo Loan?
A mortgage is classified as a Jumbo or non-conforming loan when it exceeds the maximum conventional loan (conforming limits). Currently, the Texas limit is $766,550.
What are the requirements for Jumbo Loans?
-
Minimum 700 credit score
-
Loan-to-value ratios from 55% to 95%
- Maximum loan amounts range based on loan-to-value ratios and credit score, not to exceed $4,000,000
Can I use a Jumbo Loan for investment property or a non-primary residence?
Yes, you can use a Jumbo loan for a 1- to 4-unit primary residence and a single-unit second home. Our Home Loan Heroes can provide more details for your specific purchase.
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