Jumbo Mortgage

What is a Jumbo Mortgage?

"Jumbo Mortgage" applies to residential loans that exceed $322,700 for a single family residence. lenders use this term to describe products offered above and beyond conforming loan limits set by Fannie Mae.

Programs range from "Interest Only" Libor Loans to Fixed Rate Mortgages. Each product has a unique advantage to the client so every option should be considered to match your goals.

What is a Super Jumbo Mortgage?

"Super Jumbo Mortgage" are loans exceeding $650,000 for a single family residence. To learn more about the different "Super Jumbo" loan programs available please click here to contact a SUPER JUMBO MORTGAGE specialist !!!

Featured Product

"Six Month Libor Interest Only"
Interest Only Loans have gained popularity for Super Jumbo products over the last 24 months. These loans, which once were aimed at only a small circle of borrowers, have now gone mainstream. Situated for clients who intend to live in their homes for shorter periods of time, these programs allow borrowers to make lower payments than a traditional mortgage. Start rates generally are up to two percentage points lower than fixed-rate mortgages and there are preventive caps to avoid large sudden rate increases.

To learn more about the different "Super Jumbo" loan programs available please click here to find a mortgage professional for SUPER JUMBO MORTGAGES now !!!

Welcome to Jumbo Mortgages 101
Jumbo Mortgage is a term we understand. Use our one-step no obligation form and a mortgage professional will contact you to help finance your jumbo mortgage.

Jumbo Mortgage Loans offer:

Larger loan amounts to purchase more expensive homes

Loan amounts as high as $20 million and down payments as low as 0%

Jumbo Mortgage Loans facilitate high-end purchases of:

Primary residences

Second or vacation homes Investment properties

Jumbo Mortgage or Super Jumbo Mortgage Loans are best for people who:

Want to finance larger and/or more expensive properties and can handle larger monthly payments

Investment-minded buyers who want to leverage their assets more effectively.

Currently a jumbo mortgage loan is a purchase or refinance loan that exceeds $333,750 for a single-family home. A jumbo mortgage loan is also called a non-conforming loan because it does not conform to the loan limits set by Fannie Mae (The Federal National Mortgage Association or FNMA) or Freddie Mac (The Federal Home Loan Mortgage Corp. or FHMLC).

JumboMortgages101.com will match you with loan officer specializing in providing jumbo mortgage loans and super jumbo mortgage loan options that can include fixed-rates and adjustable-rate mortgages, with a range of terms to accommodate immediate and long-range financial plans.

To have a loan officer help you evaluate how you might best utilize a jumbo mortgage loan or super jumbo mortgage, simply fill out our 1 Step Loan Request Form.

Providing the lowest rates in the country, along with rapid closings on all loans, are what we do best. Take a moment to fill out of speedy form and have an answer in minutes. Working with ALL credit types and providing LIBOR, COFI, ARM, Fixed rate, FHA, VA, Conforming, NON-Conforming, Stated Income, Interest Only, No-Doc and many other programs, gives us the flexability to situate you into a loan that is right for you!
NEW FANNIE MAE LIMITS

Every year, new loan limits are announced for one- to four-family loans which may be purchased by the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). These corporations are the two largest "secondary market" agencies - corporations which purchase closed loans from mortgage lenders. As announced on November 26, 2002, the "conforming" loan limits for 2003 are:

1 Family     -     $322,700

2 Family     -     $413,100

3 Family     -     $499,300

4 Family     -     $620,500

These new limits are effective for loans closed on or after January 1, 2003 - Note that the maximum loan amounts for one-to-four family mortgages in Alaska, Hawaii and the U.S. Virgin Islands are 50% higher than the limits for the rest of the country

10, 15, 20, 30 and 40 Year Fixed Rates

One, Six and Twelve Month or longer Libor Loans

3, 5, 7 and 10 Year Fixed Interest Only

3, 5, 7 and 10 Year Arm's (Principal and Interest)

100% financing to $40,000,000.00

Primary, Secondary and Investment Properties

Stated Income, No-Doc and Stated Asset Programs

Unlimited Cash Out

jumbo mortgage and jumbo mortgage rates, jumbo mortgage loans in all 50 states