Types of Real Estate Loans

Jumbo Loans

Jumbo Loans are loans that exceed the maximum loan amounts specified by the major purchasers of conforming loans, specifically Fannie Mae and Freddie Mac.  The other guidelines may be similar, but there is opportunity for flexibility as well.  Loans may be "Non-conforming" for many reasons. In general, Jumbo and other non-conforming loans are slightly to moderately more expensive than their conforming counterparts.

Jumbo loans have limits as well, and the pricing may change at several loan amounts.   There are also Super-Jumbo loans for extremely high balances.  If  you're in the market for a 30 million dollar home, please give us a call immediately!!!

Jumbo loans come in many flavors, including 3,5, and 7 year fixed loans.  The palate of loans available is constantly changing, so please let us know if you are looking for something in particular so that we can help you find it.

Whatever your need, give us a call to find out what is available for your particular situation.  If your need is hard to fill, all the more reason to call!