Jumbo Loans
Jumbo loans are just that – larger amounts of funds for luxury properties and homes in high-cost areas. Generally, any loan that is over the high–cost loan limits set by the Federal Housing Finance Agency (FHFA) is a Jumbo loan.
- Loan funds up to $5 million
- Low down payments beginning at 5%
- Loans with fixed and adjustable rates (ARMs) are available
- A variety of loan terms are available – you’re not limited to 15- and 30-year terms.
- Jumbo Interest-Only Arm
- No PMI for qualified borrowers
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