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SedemilSedemil
  • Loans
    • Conventional Loans
    • FHA Loans
    • Commercial Loans
    • Foreign National Loans
    • Jumbo Loans
    • Refinance
  • Process
  • Apply
  • Calculator
  • FAQs
  • About
  • Contact
  • English
  • Español

JUMBO LOANS

WHAT IS JUMBO FINANCING?

A Jumbo loan, or non-conforming mortgage, is a private loan that doesn’t conform to the guidelines set by Fannie Mae and Freddie Mac by exceeding the total loan limit for the area that you are buying in. You’ll need to check your specific location to see what the local limits are, or speak with a Loan Originator to find out if you need this special financing option.

PERFECT FOR:

Borrowers who are looking to buy a higher-priced home (more than $453,100 in most parts of the country).
Borrowers with very good credit, a large down payment, and low debt-to-income ratio.
Borrowers with substantial additional cash reserves.

Real estate is the closest thing to the proverbial pot of gold.

TYPES OF JUMBO FINANCING

Fixed-rate: You’ll have the same interest rate and monthly payment for the entire repayment term, even long-term financing options such as a 30-year loan.

Adjustable-rate (ARMs): You’ll start off with a lower interest rate than the fixed-rate loan, but it will be adjusted from time to time, causing monthly payments and interest to change over time.

BENEFITS OF JUMBO FINANCING

If you need to borrow more than $453,100 (in most parts of the country), a jumbo loan can allow you to finance this non-conforming loan amount. While most borrowers will make a large down payment, you may be able to get a jumbo loan with as little as 5% down.

READY TO MOVE FORWARD?

Begin your home loan process today! Our mortgage advisors are standing by. Have questions? Give us a call! One of our specialists will be happy to answer all of your questions and get you started with a great low rate today!

 

LET'S GET STARTED!

WHAT OUR CUSTOMERS ARE SAYING

  • We just closed today and I can’t say enough good things about Sedemil Mortgage, they guided us through everything and made the process painless and efficient. They were there every step of the way to answer all my questions.

    L. Sanchez
  • This is the second mortgage Sedemil Mortgage has helped my family with. For the next one, there is absolutely no doubt who we will use. They do everything they promised, keeping us up to date with the process. Definitely recommended!

    A. Silva
  • Thank you for making our home buying experience smooth and painless! We are so grateful for your support, attention to detail and level of professionalism as we learned the ropes of being a first time home buyer. We look forward to working with you on our next purchase!

    M. Medina

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