What is a Jumbo loan?
Jumbo refers to loans that exceed the limits set by the government-sponsored enterprises that buy most home loans and package them for investors. This makes them non-conforming loans.
Loan Program Details
- Portfolio product
- Reduced documentation
- Quick close – in as little as 20 business days
- Only one appraisal required regardless of loan amount
- 15-year fixed rate or 5/1 and 7/1 ARM’s based on a 30-year repayment schedule
- Extremely competitive interest rates
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