JUMBO MORTGAGE LOANS

Jumbo Mortgage Loans

A jumbo mortgage, also known as a jumbo loan, is a type of loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Used to purchase luxury properties and homes in expensive markets, jumbo mortgages are not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.

The value of a jumbo mortgage varies by state and sometimes by county. Jumbo Loans come with rigorous credit requirements, and approval requires a stellar credit scores and a very low debt-to-income ratio.

The average interest rate for a jumbo mortgage is often similar to those of conventional mortgages, but down payments are roughly 10% to 15% of the purchase price.

Even if you qualify for a jumbo loan, it may still not be the best option for you. There is a lot to understand and consider, and it pays to work with a lender you can trust. Not only will we find you a great rate, but we’ll work closely with you every step of the way. Learn More

Call our loan advisor at 443-398-0711 or click the button below for a consultation, and we’ll be happy to help you determine if a jumbo loan is right for you.

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Why Us

We pledge to take the time to honestly and openly educate you on your options and risks. We are faster than other providers because of our decades of experience and industry-leading technology. We can keep your fees low because of our efficiency, in-house underwriting and processing, and access to a variety of loan programs.

Our Bank Partner

All residential loans are done through First Home Bank (NMLS ID 806183) where Bryan is a Branch Manager. First Home Bank (NMLS ID 806183) is redefining what is possible. Ranking as a Top 10 SBA lender in the nation, the combination of a powerful team of more than 100 residential mortgage originators across the country, and five full-service banking centers throughout the Tampa Bay region, First Home believes everyone deserves to get the most from their bank.

BUYER READY - FOR PURCHASES

One of our greatest features is that we offer a full underwriting approval without having to be under contract. This is an incredibly useful tool when submitting a contract offer. We get the buyer actually pre-APPROVED, not pre-qualified. This makes it so that the buyer is qualified and as attractive as a cash offer. This is especailly important in seller/highly competitive markets

Our Commercial Loan Partner

Our partner Oak View Financial offers a variety of commercial financing programs with competitive rates and terms to meet your needs. Whether you are looking for a long-term fixed rate or short term bridge loan, our commercial mortgage professionals have the experience and knowledge to guide you through the financing process and obtain the product that best suits your needs.