Homes with prices above the limits for Conventional loans may qualify for Jumbo loans. Interest rates for Jumbo loans are typically a little higher than Conventional.

What is a Jumbo loan?

A Jumbo loan is simply a Conventional loan with a higher loan amount. It basically works the same way as a standard mortgage.

What are the advantages?

• Higher maximum loan amount than Conventional loans
• Many options for monthly payment and interest terms
• Backed by the government

Who is eligible?

Just about everyone who has good credit and a solid financial situation. However, many people who don’t qualify will find another type of loan is a good fit. Our mortgage advisors are glad to discuss which kind of loan works best for your unique needs, with no obligation.

How much can my loan be?

The minimum amount for a Jumbo loan depends on the type and location of your new home. Your credit history and current financial situation will also factor into your approved loan amount. Loans that exceed the agency loan limits and/or permanent high cost areas.

Our mortgage advisors can tell you which amount applies to your home’s location, plus provide an estimate for your unique situation, all with no obligation. If your home’s value is below these minimums, you may qualify for a Conventional loan.