Jumbo Loans

Jumbo Loans

A jumbo loan is any home loan that exceeds a specific threshold called the conforming loan limit. Currently, the conforming loan limit for a single-family home is $424,100.

Qualifying for a jumbo loan typically requires higher credit scores, lower debt-to- income ratios, higher reserves and larger down payments than qualifying for a standard conforming home loan.

Jumbo loans offer:

  • Loan amounts up to $2.5 million
  • Low down payments beginning at 5%
  • Fixed and adjustable rates
  • Loans for primary, secondary and investment properties
  • Additional underwriting requirements will vary by borrower situation

To learn more about Jumbo loans and how to apply, give us a call today at (610) 351-0428 or email us at info@TraditionalMortgageLLC.com