Jumbo Loans

Jumbo mortgages are a completely different category of home mortgages.

Jumbo mortgages are a very needed loan in places like Lake Worth and South Florida because we have a lot of higher priced homes to finance.

Although the conforming loan limit recently increased, jumbo mortgages are used when the loan amount approaches $750,000.

Super jumbo loans can go much higher into the several millions.

It is amazing but Jumbo pricing can be right along side conventional pricing.

Underwriting is very strict.Usually at least a 700 median credit score is required with proof of income and cash to close with ample reserves.

 

 
 
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