Jumbo Mortgages

Loans over the $417,000 limit set for conventional loans are considered jumbo loans. The high-end limits of jumbo loans are set on a local basis, so depending on the area of the home you’re looking to buy, you might qualify for a lower rate.

Some Jumbo Mortgage facts to consider:

• Applying for a jumbo loan doesn‚Äôt take any longer than a smaller conventional loan.
• FHA loans are available as jumbo loans.
• Jumbo loans are available in a number of options including fixed-rate and adjustable-rate mortgages with varying terms.

Contact us today for more information and speak directly to a University Mortgage Jumbo Loan expert by calling 201-820-4420.