Looking to buy your dream home? With a Jumbo loan we can help make that dream a reality.
A jumbo loan is any home loan that exceeds a specific threshold called the conforming loan limit. Currently, the conforming loan limit for a single-family home is $484,350. However, loan limits can go higher in some high-cost areas of the continental United States.
Jumbo loans differ from conforming loans in a number of ways. First, they offer a larger amount of financing than a conforming loan. With this larger loan amount typically comes slightly higher interest rates than conforming loans for lower amounts.