Jumbo Homes Loans can make high-end home purchases possible. When a loan amount reaches a certain point, Jumbo and Super Jumbo Loans can offer high-end financing that a traditional loan can’t.

Jumbo Loans are higher balanced loan amounts that exceed the conforming loan limit ($647,200). They are designed to finance more expensive homes, or those in a highly competitive real estate market. Some borrowers prefer to finance more of the home’s cost rather than tying up cash, making the jumbo mortgages a helpful financial tool.

Program features:

• Loans to $5 million1
• A wide range of specialized financing solutions including adjustable-rate and interest-only options
• Interest-only options2with 30 and 40-year terms on owner occupied, second homes and investment properties.
• Owner-occupied properties: purchase and rate and term refinances
• LTVs to 80% on loans up to $3 million
• LTVs to 75% on loans up to $5 million
• 80.0% financing (20% down payment) on primary residences
• 100% gifts for down payment and closing cost– allowed on owner occupied and second home purchases up to 80% LTV/TLTV to $2,000,000
• Greater underwriting flexibility for customers with a more complex financial picture

Over the past few years, some lenders have decreased their Jumbo Loan offerings and have made them harder to obtain.                        At All Coast Lending Inc, we can get you a great rate on your Jumbo Loan.

With a jumbo mortgage, you’ll get great rates even on a large home purchase. With a choice between fixed or adjustable rates, our jumbo loans offer maximum flexibility for home financing for larger loans.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.