A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits set by Fannie Mae and Freddy Mac regulations.

Jumbo loans begin at $417,000 in most of the United States. In counties with high home prices, conforming loans have higher limits, up to $625,500.

If you are in need of a jumbo loan for a property worth more than $417,000, you need mortgage managers you can rely on. Company name pride itself on face-to-face business. We will work alongside you to make sure that your finances are secure, and that you save as much money as possible.

The rates are typically higher with Jumbo Mortgages due to the amount of risk associated with financing a larger property.This is because it may be more difficult to sell and recoup losses in the case of a default.

Regardless of the size of your mortgage, the underwriter needs to be certain that you are able to make your monthly mortgage payments over the life of the loan – whether it’s in the amount of $500,000 or $5 Million dollars. It’s important to be thorough in explaining what you do for a living, the health of the industry, and the likelihood of continued employment.

If you’re self-employed,  show a company web site, business licenses and and anything else that will help to secure your loan. Having a good to great online reputation is important since underwriters may even do a Google search for you. Some other things the underwriters look at include:

* Assets – Documentation of assets is critical, and they have to make sense in relation to the income stated on the application.

* Credit Scores - Having high scores and proof of a responsible borrowing history.Underwriters may also look for other sizeable debts that that the borrower has had a positive experience with.

* Property – The landscape has changed for appraisals, so don’t be surprised if multiple appraisals are required for financing approval on the property.

* Profiling – Basically, the overall borrower profile and supporting qualifying documentation needs  to make sense to an underwriter.

A good rule-of-thumb to remember when trying to qualify for any non-conforming loan, including a jumbo loan, is to have your paperwork organised ahead of time, as well as a good explanation for anything that may raise potential questions by an underwriter about your ability to repay the mortgage over the term.

Why choose us?

Our business thrives because we help you save money. You benefit from working with us because:

* No closing costs

* A 33% commission rate

We have your best interests in mind. Other mortgage companies charge higher commission rates, and they are often unreliable. When you’re choosing a financial option as sensitive as a jumbo loan, you need a mortgage manager you can rely on.

If you’re interested in a jumbo loan, contact us today at (561) 123-1234.