Joyce Smith Home > Jumbo Loans
Jumbo loans are mortgages at a loan amount that exceeds the standard “conforming” loan limits or guidelines set by Fannie Mae or Freddie Mac that back or guarantee home mortgages. These loans are designed to help buyers in high-end luxury home areas and buyers of modest homes in markets with increased property values. Check out these jumbo loan options we offer that can help you with your new purchase, refinance or renovation.
We offer many types of jumbo loans that can help you with a new home purchase, renovation or refinancing.
- Loan Amounts up to $3 Million—Higher loan amounts are available on a case-by-case basis.
- Fixed and Adjustable-Rate Mortgage (ARM)—Higher loan amounts are available on a case-by-case basis.
- Jumbo Cash-Out Refinancing—You could get a lower interest rate and turn some of your home’s equity into cash to use however you like.
- Delayed Financing—This program allows you to get your cash investment back within six months of purchase.
- Jumbo Renovation—We can help you finance the cost of repairs or renovations as one loan, one closing, and one payment.
- 80% LTV (97% LTV Options)—The maximum Loan-to-Value, LTV, is generally 80%. However, PrimeLending offers up to 97% LTV if you want to keep more money in your pocket.
- Debt-to-Income Ratio (DTI) up to 49.99%—The Jumbo Program allows up to a 49.99% DTI, giving you room to help qualify for the new purchase or refinancing to a lower interest rate.
Ready to start? Give us a call or send us an email to find out how our jumbo loan programs can help you accomplish your goals.