Jumbo Loans

jumbo Loans

What are Jumbo loans?

When a home loan exceeds a certain amount, they are no longer eligible for many loan programs. To obtain financing, a borrower must then turn to a “Jumbo Loan” for their needs.

In 2021, Jumbo loans are loans that are more than $548,250 (but in some areas above $822,375.)

Jumbo loans are available for purchases and cash-out refinance.

Typically, a borrower must have:

Let us help you find the best loan program for your unique situation

 

MLO Kevin Wenke NMLS #1910000
Mortages Provided by Freedom Mortgage NMLS Lendor #2767