A Jumbo Home Loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, making it ideal for financing luxury homes or high-priced properties. These loans typically require strong credit, a larger down payment, and higher income qualifications, but they offer competitive rates and flexible terms for buyers looking to purchase above-standard loan limits
Jumbo loans have stricter eligibility requirements compared to conforming loans. To qualify for a jumbo loan, you typically need a higher credit score, a lower debt-to-income ratio, and a larger down payment. Lenders may also require additional documentation, such as income verification and asset statements.
Finance luxury homes or high-value properties that exceed conventional loan limits.
Despite being larger loans, jumbo mortgages often offer competitive rates for qualified borrowers.
Options for fixed or adjustable rates, allowing buyers to choose what fits their financial goals.
A jumbo loan is the right option when you're purchasing a high-priced home that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. It's ideal for buyers with strong credit, stable income, and the ability to make a larger down payment, as these loans require stricter financial qualifications. If a conventional loan isn’t enough to cover your home purchase, a jumbo loan provides the flexibility to finance luxury or high-value properties while still offering competitive interest rates and customizable terms.
Raymond Upchurch
NMLS 960856
DRE#01267758
CalBRE #01840963
NMLS # 351707
Ray Upchurch Mortgage & Real Estate Broker
8300 Sierra College Boulevard Suite A
Roseville, CA 95661
Mon-Fri (8am-6pm)
Sat-Sun (By Appointment only)
Number: (916) 544-3229
Email: rayupchurch@gmail.com
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