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Jumbo Loans

Loans for larger home purchases exceeding conventional limits.

Jumbo Loans offer competitive rates and flexible terms for higher-value properties that exceed conforming loan limits.

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Jumbo Loan Features

Designed to accommodate the needs of buyers and homeowners in luxury and high-value markets.

Higher Loan Limits

Jumbo loans cater to properties that exceed conforming loan limits set by Fannie Mae and Freddie Mac.

No Private Mortgage Insurance (PMI)

Unlike some other high-value loans, Jumbo loans typically do not require PMI.

Down Payment Flexibility

While Jumbo loans typically require larger down payments, they offer flexibility in terms, which can be beneficial for borrowers who have significant assets but prefer to keep cash reserves.

Customizable Payment Structures

Some Jumbo loan programs offer interest-only payment options or other flexible payment structures.

Benefits of a Jumbo Loan

Access to High-Value Properties

Homebuyers gain access to a broader range of luxury real estate opportunities, including highly sought-after properties in high-demand areas.

Competitive Rates

Jumbo loans can offer appealing interest rates, often competitive with those of conventional loans, especially for borrowers with strong credit profiles.

Flexible Terms

These loans offer a range of term options and adjustable rates, allowing borrowers to tailor their mortgage to their financial situation.

Potential for Higher Loan Amounts

Borrowers can finance more expensive properties without the need for multiple loans, simplifying the financing process.

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Leverage the expertise and experience of A and N Mortgage to navigate the Jumbo loan process. Our knowledgeable team is here to guide you every step of the way and help you secure financing for your high-value property.

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loan FAQ

Loan Program

Frequently Asked Questions

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Some loans will allow you to secure just a 5% down payment plus closing costs. Another option is a piggy-back loan where you get approved for the first and second mortgage to avoid PMI. You could also apply for an FHA loan which only requires a 3.5% down payment.

However, your interest rate will likely be higher, and you will be required to buy private mortgage insurance (PMI).