Jumbo Loan

A Jumbo Loan (loans that exceed $453,100) is a loan that has an amount over the usual limit , and therefore, the lenders usually charge a higher interest rate.  Jumbo Loans offer a 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. Cash out and No cash out refinances are allowable.

 

Single family detached, Condo’s, PUD’s and single-family second homes can be financed with no prepayment penalty. HomeWay Mortgage is your number one source for incredible Jumbo Loan Mortgage Rates. Our brokers are extremely skilled in creating affordable Jumbo Loan Rates and strive to make the loan process quick and easy.

 

*Minimum Down Payment:Jumbo1

  • 10% down on loans up to $750,000
  • 15% down on loans up to $1,500,000
  • 25% down on loans up to $2,000,000
  • 40% down on loans up to $3,000,000

 

*Minimum Credit Score:

  • 660 with 25% down on loans up to $900,000
  • 680 with 20% down on loans up to $900,000
  • 700 with 20% down on loans up to $1,250,000
  • 720 with 15% down on loans up to $1,500,000
  • 720 with 25% down on loans up to $2,000,000

 

*Special financing is available exclusively through HomeWay Mortgage for well qualified borrowers that do not meet the traditional guidelines above.  Borrower must qualify. Other terms and restrictions may apply and are subject to change.

 

Contact us as soon as you can and we will see how we can help you!

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