A jumbo loan* is one way to buy a high-priced or luxury home. We offer fantastic jumbo mortgages, although the requirements are stricter than they used to be. If you have a lower debt-to-income ratio, a higher credit score, and at least 5-10% down, a jumbo loan may be right for you. Jumbo mortgages are home loans that are bigger than normal. They exceed the "conforming limit" -- the maximum loan amount that Fannie Mae and Freddie Mac will buy. The limit on conforming loans is $453,100 in most areas of the country, but jumbo mortgages can exceed these limits.
*Eligibility subject to program stipulations, qualifying factors, applicable income requirements, and property limits. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
Greg Sandler - The Mortgage Banker With The Experience You Can Depend On