Jumbo Loan Options

Jumbo, or non-conforming loans, may be a good option for borrowers that have a higher-value property and can manage larger monthly mortgage payments. Jumbo loans are available for purchase and refinance loans (including cash-out refinances).

Features

• Available in a variety of fixed- and adjustable rate loan options

• May be able to add extra features, such as temporary buydowns

Benefits

• Provides financing for loan amounts up to $3 million

• Provides the convenience of one loan for the entire loan amount

Considerations

• Interest rates are usually higher on jumbo loans than on conforming loans with lower loan amounts.