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