Some of the Jumbo financing loan limits have recently been updated below. Home buyers that have questions can always reach us by calling 800-840-6449 or visit www.JumboMortgageSource.com for more info
- Max loan limits are $1,500,000 - 5% down payment
- 700 credit scores required for all 95% options
- No financial hardships in the previous 5 years
90% Jumbo Financing:
- Max loan limits are $2,500,000 - 10% down payment
- 720 credit score required when financing over 1.5mil
Borrowers should be aware of the following:
- All the Jumbo financing options listed above are full documentation only. Income (2 years) and assets needed to qualify will be documented.
- The Jumbo program options above are exclusively for primary homes. However, vacation homes are allowed with greater down payment. Investment homes are not permitted.
- Single family homes, most condos, and townhomes approved.
- Options include both fixed interest rate, adjustable rate ARM, single loan or combo 80-15, 80-10 loans.
- Most jumbo options above 80% loan to value do NOT require monthly mortgage insurance - PMI.
- Applicants must be U.S. citizens
Serving home buyers throughout the country including California: San Francisco, Los Angeles, San Diego, San Jose, Sacramento, Riverside, Orange County
Comments (0)Subscribe to CommentsComment