Jumbo
Loans

Jumbo Loans Program

A jumbo loan, or jumbo mortgage, is a mortgage loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA). These limits vary by state and market, but in most parts of the US in 2023, you can only borrow up to $726,200 for a single-family home. In high-cost areas, such as Alaska and Hawaii, the conforming loan limit is higher.

Jumbo loans are called non-conforming loans because they don't meet the FHFA's requirements. This means that borrowers may have to undergo more rigorous credit checks and may pay higher interest rates. Jumbo loans may also be more difficult to qualify for than conforming loans.

Why get a Jumbo Loan?

Jumbo loans can be a good option for borrowers who need to borrow more money than the conforming loan limit allows. This may be necessary if you are buying a high-priced home in a high-cost area.

If you are considering a jumbo loan, be sure to shop around for the best rates and terms. You should also make sure that you have a good credit score and a low debt-to-income ratio.

Jumbo Loan Benefits

1 Day Approval

Loans Over $726,500 up to $3,000,000

Full Doc and Full Doc Self-Employed

Flexible Credit Scores

Minimum 10% Down Payment

DTI up to 43%

Less Documentation

Primary Residence / Second Home / Investment Properties

Single Family / Condo / Townhouse

30 Years Fixed / 15 Years Fixed

5/6 ARM, 7/6 ARM, 10/6 ARM

Fast Closings

Require Private Mortgage Insurance

Purchase / Refinance / Cash-Out

60 Days of Bank Statements

Last 2 Years W-2 and Tax Returns

Apply Now

We have the best programs for you

305-336-2403

apply@klickmortgage.com