Overview of the Jumbo Home Loan

When you’re dreaming big, a jumbo mortgage home loan can help you meet your goals. Whether you’re looking to finance a mortgage for a new primary residence, or you’re planning on buying a retirement or vacation home, you may be in the market for a larger loan with a lower down payment. With down payments as low as 5% -- or possibly not required at all -- and a borrowing limit of up to $1 million, a jumbo mortgage loan may be the right fit for your financial situation.

Jumbo Mortgage Loan Benefits

Also called non-conforming loans, jumbo home loans are not limited to the loan limits set by the Federal National Mortgage Association (commonly known as Fannie Mae) or the Federal Home Loan Mortgage Corporation (commonly referred to as Freddie Mac). In addition, a jumbo mortgage loan offers various financing options, from fixed-term to adjustable rate, just like a standard home loan. If this is the right choice for you, you’ll be pleased to find that you’re able to take advantage of the flexibility that a jumbo mortgage home loan can provide.

Interested in learning more about a jumbo mortgage loan? Mortgage in Motion’s experienced loan consultants will be happy to answer all of your questions. When you’re ready to apply, our streamlined process; low cost, fixed origination fees; and competitive interest rates will help take the pain out of what could otherwise be a confusing experience. Once you’ve filled out and submitted our easy-to-use loan application, on your own time, at your own pace, a knowledgeable member of our staff will be in touch with you to guide you through the rest of the process.

Apply now for your jumbo mortgage home loan, and dream big.