Jumbo Loans

Jumbo Loans exceed the maximum conforming loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans, but lenders are now introducing new programs that allow borrowers to qualify with less down and at higher debt to income ratios.

Due to this, not all Jumbo loans are the same.  It now depends on the individual lender and loan amount.   Some lenders will require higher credit scores and most require that you have reserves equal to 6 to 12 months of your mortgage payment.   Since these loans are privately secured, the underwriting guidelines will vary from investor to investor.  That is why, working with Parkview Investment & Loan with a jumbo loan can have many advantages as we will sort through all the lenders to provide you the best loan that fits your personal financial situation.

Advantages of Jumbo Loans

Jumbo Loans offers borrowers that own or high-end homes secure financing to access their equity with a cash out refinance.   New expanded guidelines now allow homeowners to put down less of a down payment when purchasing these homes.

Easy to get approved for Jumbo Loans

Documentation is similar to conventional loans although there are new programs that allow for alternate documentation.   We encourage you to call us to review all of your loan options so you can make an educated decision on what loan works best for you.

Apply for a Jumbo Loan today

Parkview Investment & Loan is proud to help families with Jumbo loans throughout the whole state of California.  If you are looking to refinance your current Jumbo loan to a lower interest rate or buy your first home we can help.  Call Parkview Investment & Loan today at 858-337-6968 or fill out the quick quote on the right to speak to a loan professional.