What is a Jumbo loan?
Jumbo refers to loans that exceed the limits set by the government-sponsored enterprises that buy most home loans and package them for investors. This makes them non-conforming loans.
Loan Program Details
- Portfolio product
- Reduced documentation
- Only 1 appraisal required regardless of loan amount
- 15-year fixed rate or 5/1 and 7/1 ARMs based on a 30-year repayment schedule
- Extremely competitive interest rates