Jumbo loans- we have them!

This week’s mortgage product discussion is about Jumbo loans

Jumbo loans are mortgage loans over the conforming loan limit of $417000. Because these loans are considered “nonconforming”, the rates on them are usually a little higher.

We offer loans for the purchase of single family owner occupied properties up to $1 million with 20% down payment, $1,000,001-$1,499,999 with 25% down payment and $1.5 million -$2.5 million with 30% down payment. We have 5/1, 7/1 and 10/1 ARM’s. Minimum credit score  is 700.

Call about our special 5/1 Jumbo ARM rates!

     We also offer 30 & 15 year fixed rate Jumbo loans up to $1 million with 20% down payment and $1,000,001-$1.5 million with the 30% down payment.


About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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