When a traditional home loan simply doesn’t cut it, a jumbo loan can turn your dream of home ownership into a reality. While some lenders have decreased their jumbo loan offerings and made them harder to obtain, Success Mortgage can help you get a great rate on your very own jumbo home loan.
What Is a Jumbo Home Loan?
A jumbo home loan, also known as a non-conforming loan, is designed to help borrowers finance properties that exceed the maximum loan amount set by Fannie Mae and Freddie Mac. In most areas of the United States, the 2023 loan limit for a single-family home is $726,200, but jumbo loans can surpass this limit, allowing borrowers to secure the financing needed for their dream homes.
How You Can Benefit
Opting for a jumbo home loan can offer several benefits. Firstly, it allows you to access higher loan amounts, providing flexibility to purchase larger and more luxurious properties. Additionally, jumbo loans often have competitive interest rates, allowing borrowers to enjoy the same favorable terms as traditional conforming loans.
Furthermore, jumbo home loans provide flexibility in terms of property types. Whether you’re looking to purchase a primary residence, second home, or investment property, a jumbo loan from Successful Mortgage can meet your financing needs.
Curious about jumbo loans? Contact us today to explore your options and determine if a jumbo home loan is the right path for your homeownership journey!