If you’re in the market for a luxury home or a high-value property, you may need a jumbo loan. These specialized mortgages are designed to finance properties that exceed the Federal Housing Finance Agency’s (FHFA) conventional conforming loan limit, currently set at $806,500.
Key Features of Jumbo Loans in NC, SC, VA, GA, FL
- Higher Loan Limits
- Flexible Down Payment Options: Borrowers with a credit score of 740 or higher can secure a loan of up to $1,000,000 with as little as 10% down.
- Maximum Loan Amounts: Jumbo loans are available for amounts up to $3,000,000.
Why Choose Amy:
- Competitive Interest Rates: We offer competitive rates with low costs and fees.
- Flexible Qualification Requirements: Customized loan options can be tailored to meet your financial goals and circumstances, even if self-employed.
- Fast Preapprovals: We move quickly so you can stay competitive in a fast-paced seller’s market.
- Experienced Lending Team: Receive personalized, high-touch service tailored to your unique needs. Amy has over 30 years in the business and gets your approval done seamlessly.
What to Consider Before Applying
- Credit Score Requirements: Aim for a credit score of at least 700. Higher scores often mean lower down payments and better interest rates.
- Funds and Reserves: Plan ahead for closing funds and adequate reserves. In many cases, retirement accounts can count toward reserve requirements.
We Love These Loans! The Amy Bonis Mortgage Team is excited to guide you through the jumbo home loan process. Contact us at amy@amybonis.com or call 919- 414- 4430 to schedule a conference call or Zoom meeting. No one works harder for you!
