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This type of loan is for “big money” borrowers, typically loans over the $417,000.00 conventional limit fall into this category of loans. The jumbo loan limits are set on a county-by-county basis, but can be as much as $2,000.000.00 depending on the situation. These loans are available in the form of FHA, fixed or adjustable rate loans. It can also be combined with government offers like the 2009 first time buyer tax credit.
Call 1-877-867-0027 to speak to one of our loan officers today, and see how easily that dream home or property can be yours.
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Jumbo Loan Benefits
- Ability to borrow large sums with low monthly payment and competitive interest rates
- Can use to refinance your current home/property up to 97%, even with less than 20% equity in your home depending on where you live
- Allows borrower to rapidly rebuild their credit
- Able to buy for the future and grow in your home.
- If you have a high salary, but do not have a traditional down payment amount, jumbo loans allow borrowers to put down less and still walk away with reasonable monthly payments.
- Where home prices are generally high in your area, this loan provides you a level playing field to buy a home.
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Did You KNow?
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- Jumbo loan amounts vary county by county
- Large downpayment are usually not required
- Loans of up to $2 million are available
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