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Modern Living Room
Jumbo Loan

If you’re planning to live in your home for the long term, a jumbo fixed-rate mortgage may be a favorable option. With a jumbo fixed-rate mortgage, your mortgage interest rate and principal and interest payments will be consistent, from the day you close to the day you pay off your loan. Your interest rate won’t increase alongside market rates, and if rates decrease you could benefit from refinancing.   

What is a Jumbo mortgage loan?

Have your eye on the home of your dreams? A jumbo loan provides you with up to $10 million in financing to purchase a luxury or high-cost home or investment property. With a jumbo mortgage, your dream becomes real life!   

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What are the loan limits for jumbo loans? 

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A jumbo loan limit of up to $10 million is higher than conventional loan limits.*Jumbos cannot be purchased, guaranteed, or securitized  by Fannie Mae or Freddie Mac.    

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Jumbo mortgage loan requirements & eligibility

For a jumbo loan, borrowers must meet more rigorous credit requirements than for a conventional loan. Approval requires an excellent credit score and a very low debt-to-income (DTI) ratio. If a jumbo loan seems right for your lifestyle, we’re ready to finance it with expertise, personal guidance, and concierge service from our first conversation to closing. *Generally, $766,550 for a one-unit property, although there are higher limits in certain counties. Call for details.

Jumbo fixed-rate mortgages Pros

  • Your interest rate is set and won’t change

  • Your monthly principal and interest payment won’t change, eliminating any surprises

  • You’ll be protected from rate increases

  • You may be able to refinance if market rates decrease

Jumbo fixed-rate mortgages Cons

  • Your initial interest rate may be higher than an adjustable-rate mortgage (ARM)

  • Your mortgage payments may be higher than initial ARM payments

  • Your interest rate won’t automatically lower if market rates decrease

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