Anniemac
Inside Track

 

JUMBO LOAN

If you have your eye on a home that conventional financing won’t cover, don’t worry. You have the option of getting a “jumbo loan,” which offers a maximum loan amount of $2.5 million.

Dream big. Get the home you REALLY want with:

  • Only one loan. No need to bother with multiple loans for the required financing.
  • No mortgage insurance required.
  •  Interest rates comparable to conventional loans.

A jumbo loan exceeds the Fannie Mae/Freddie Mac maximum price of $417,000 for a first mortgage. It’s an increasingly popular option for areas where home prices are going up.

  • Available for non-warrantable condos, which other mortgage firms won’t lend on.
  • Available for construction-to-permanent. Don’t just buy your dream home. Build it.
  • Delayed financing available for homes that could use some TLC.
  • $650,000 cash back.