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What is a Jumbo Mortgage?
"Jumbo Mortgage" or "super jumbo loans" applies to residential loans that  exceed $417,000 for a single family residence. Fannie Mae sets jumbo mortgage limits yearly. lenders use this term to describe products offered above and beyond conforming loan limits set by Fannie Mae.
Programs range from "jumbo mortgage Interest Only" Libor Loans to Fixed Rate jumbo Mortgages. Each jumbo mortgage product has a unique advantage to the client so every option should be considered to match your goals.

As a correspondent lender specializing in Conforming and Jumbo mortgages, we have been successfully closing jumbo mortgage loans in most states since 1986. We underwrite and fund your jumbo loan as correspondent "in house" which means there are no middlemen involved, no mortgage brokers and no broker fees. Our jumbo mortgage loan process is faster, easier and less costly to you. We can issue a formal commitment in roughly 15 minutes and close your jumbo loan in as little as 5-7 days. Our experienced jumbo loan officers will discuss all available options relating to your transaction and help you into the perfect loan program for your situation.

• We will provide you with an accurate rate quote in 15 minutes and give you the option to lock your jumbo loan immediately.
• We protect your FICO credit scores and do NOT need to pull your credit initially to qualify you for a jumbo purchase or refinance.
• No application or lock fee. Guaranteed lowest jumbo rates available.
• You will speak with a professional jumbo loan officer, not a telemarketer who collects your data to sell to third parties.

     Call Now! 1-877-366-3948 ext 102
 Or Use our one-step no obligation form and a jumbo mortgage professional will contact you to help finance your jumbo mortgage. We specialize in jumbo mortgages and can offer the lowest rates in the country. 100% No-Money down in most cases and rapid  1-2 week closing times.

Is a Jumbo Mortgage Right For Me?

Jumbo Mortgage Loans offer:
   Larger loan amounts for purchase or refinancing
   Stated and No-Doc jumbo mortgage programs
   100% LTV with 600 FICO scores
   Jumbo loan amounts to $20 million
   1% Super Jumbo MTA Option ARMs

Jumbo Mortgage Loans facilitate high-end purchases of:
   Primary residences - Second homes - vacation and Investment properties

Jumbo Mortgage or Super Jumbo Mortgage Loans are best for people who:
   Want to finance larger, more expensive properties.
   Investment-minded buyers who want better asset leverage
   Want to apply for jumbo mortgages with a correspondant lender.

Currently a jumbo mortgage loan is a purchase or refinance loan that exceeds $417,000 for a single-family home. A jumbo mortgage loan is also called a non-conforming loan because it does not conform to the loan limits set by Fannie Mae (The Federal National Mortgage Association or FNMA) or Freddie Mac (The Federal Home Loan Mortgage Corp. or FHMLC).

To have a loan officer help you evaluate how you might best utilize a jumbo mortgage loan or super jumbo mortgage, simply fill out our 1 Step Loan Request Form.

NEW FANNIE MAE LIMITS

Every year, new jumbo loan limits are announced for one- to four-family loans which may be purchased by the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). These corporations are the two largest "secondary market" agencies - corporations which purchase closed loans from mortgage lenders. As announced on November 26, 2006, the "conforming" loan limits for 2007 are:

• 1 Family     -     $417,650

• 2 Family     -     $533,850

• 3 Family     -     $645,300

• 4 Family     -     $801,950

These new limits are effective for loans closed on or after January 1, 2004 - Note that the maximum loan amounts for one-to-four family jumbo mortgages in Alaska, Hawaii and the U.S. Virgin Islands are 50% higher than the limits for the rest of the country

• 10 to 40 Year Fixed Rate jumbo mortgages

• 3, 5, 7 and 10 Year Arm's

• 100% financing in most cases

• Primary, Secondary and Investment Properties

• Stated Income, No-Doc and Stated Asset Programs

• Unlimited Cash Out

• COFI, CODI, COSI, MTA, PAY Option ARM, LIBOR and More!

What is a Super Jumbo Mortgage?

"Super Jumbo Mortgages" are loans exceeding $650,000 for a single family residence. To learn more about the different "Super Jumbo" or jumbo mortgage loan programs available contact a Jumbo Mortgage Specialist!

"Six Month Libor Interest Only"

Interest Only jumbo mortgage Loans have  gained popularity for Super Jumbo mortgage products over the last 24 months. These loans, which once were aimed at only a small circle of borrowers, have now gone mainstream. Situated  for clients who intend to live in their homes for shorter periods of time, these mortgage programs allow borrowers to make lower payments than with traditional jumbo mortgages. Start rates generally are up to two percentage points lower than fixed-rate jumbo mortgages and there are preventive caps to avoid large sudden rate increases.

To learn more about the different "Super Jumbo mortgage" loan programs available simply click here to find a mortgage professional for jumbo mortgages now!