Jumbo Loans: Financing High-Value Homes with a Non-Conforming Loan

Jumbo Loans: Financing Luxury Real Estate with a Non-Conforming Loan

Commonly used to finance more expensive properties, jumbo loans exceed the loan limit set by the Federal Housing Finance Agency (FHFA). This FHFA limit is for loans guaranteed by Fannie Mae and Freddie Mac, the two major companies that buy mortgages. Loans that follow this FHFA limit are usually called conforming loans. Jumbo loans are non-conforming.

A higher loan amount usually increases the risk for mortgage professionals. Jumbo loans, therefore, can have higher interest rates and stricter approval criteria compared to other loan types.

The Pros
-- Higher loan amount
-- Flexibility
-- Streamlined.

The Cons
-- Cash on hand
-- Taxes
-- Closing costs

If you're interested in learning more, contact us today as we'd be happy to go over your options in detail with you.

NMLS #1212805 | Equal Housing Lender

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VIDEO CHAPTERS
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00:00 - Intro
00:09 - What is a Jumbo Loan?
00:37 - We even do SUPER Jumbo Loans!!
00:54 - Looking for Luxury Real Estate? Call us today.

CONTACT US
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ABOUT US
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Equinox Home Financing has a focus on providing solutions to its customers, partners, and industry professionals. We specialize in more creative, non-conforming, or non-standardized loans that will help buyers and existing homeowners with home purchase loans, refinancing, home equity loans, or real estate investing. Over the years we have built quite a reputation in the mortgage lending industry as a true and reliable lender. Subscribe to our channel for additional resources and information on mortgage solutions and real estate investment options.