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A jumbo mortgage is a mortgage loan which is larger than the limits set by Fannie Mae and Freddie Mac ($417,000). The guidelines for qualifying a borrower are unique to each program. We still offer adjustable rates, interest only with the option of subordinate financing in the form of fixed rate second mortgages or home equity lines of credit.
Stimulus Jumbo loans to $729,000 Depending upon your market some jumbo loans are rather large, but the rates for qualified jumbo under $729k in qualified areas can significantly reduce your rate through the recently passed stimulus bill. Please call us to determine your maximum loan amount in your area. Super Jumbo While many lenders turn away from the risky nature of jumbo loans, we thrive in offering low rates. Our jumbo loans go to 5 million in select areas, please call to determine if you are in a qualified area. |
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