Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
There are many creative and useful ways to get approved using Jumbo or non-conventional financing. We have programs that utilize non-conventional income sources like self-employed borrower assets and bank statements. Let’s have a detailed conversation about your qualifying scenario to make sure you are getting the best loan and the very best service possible in your non-conforming purchase or refinancing scenario.
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