Due to limits imposed by Fannie Mae and Freddie Mac, a conventional loan will not suffice if you need a home loan for more than $647,200 (or $970,800 in high-cost locations).
Fortunately, our jumbo loan is here to help. Private lenders are offering this 30-year fixed-rate loan with a maximum loan amount of $5 million. What is the cost-benefit analysis? It usually necessitates more stringent underwriting. We are, however, able to offer our borrowers the option of only putting down 10% with no PMI.
- Financing available up to $5,000,000
- No private mortgage insurance on loans with a loan-to-value as high as 90%*
- Fixed-rate, adjustable rate, and term length options
- No pre-payment penalties, ever