What is a jumbo mortgage loan?
Have your eye on the home of your dreams? A jumbo loan provides you with up to $10 million in financing to purchase a luxury or high-cost home or investment property. With a jumbo mortgage, your dream becomes real life!
- Down payments as low as 10% with no mortgage insurance
- Fixed-rate mortgages and adjustable-rate mortgages (ARMs) available
- Terms ranging from 10 to 30 years
- Available for primary residences, second homes, and investment properties
What are the loan limits for jumbo loans?
A jumbo loan limit of up to $10 million is higher than conventional loan limits.* Jumbos cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.