A Jumbo Loan is above the maximum loan amounts established by Fannie Mae and Freddie Mac, and are available for up to $3 Million.
- Loan amounts up to $3,000,000
- Options available for as little as 15% down payment
- 700 Minimum FICO score required
- Available for purchase and refinance
- Loan amounts higher than $850,000 requires 2 appraisals
- First-time homebuyers with proof of rental income
For loan amounts above $417,000 a Conventional High Balance may be the perfect option