Jumbo
Jumbo Loans are the answer when you need to finance more than government program conventional loan limits of $417,000.
a. You can scoff at conventional loan limits and borrow some serious money
b. Make sure you have your finances in order or you’re not eligible
c. Choose from 15- or 30-year terms with fixed or adjustable rates
d. † Limited availability in some areas
Requirements
Down Payment: 20% of the final loan amount
Terms: 15, 30 years, fixed and ARMs
Credit Score: 700 minimum
Mortgage Insurance: No
Maximum Loan Amount: $2.5 million
