
JUMBO MORTGAGE
A jumbo mortgage is a mortgage with a loan amount above the industry-standard definition of conventional conforming loan limits. Jumbos start at $417,000 up to $1,000,000 and are usually considered for the luxury home market except on the east and west coasts where property prices are significantly higher than in the mid-west. The average interest rate on a jumbo mortgage is typically greater than is normal for a conforming mortgage and vary depending on property types and mortgage amount.
We can help make owning a home easier for you. To learn more, contact a Mortgage Consultant for a no obligation consultation to determine what type of loan you could qualify for.
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