Jumbo Loans
Home / Jumbo Loans
Instant Quote
We are here to help our customers any time. You can call 24/7 get answers to your questions.
Jumbo Loans When You Need a Conforming Limit
Jumbo Loan, as the name implies, is a mortgage for high-priced properties. Many private mortgage lenders offer them, but they have comparatively tough eligibility criteria. The mortgage is called Jumbo as it exceeds the loan size set by Fannie Mae and Freddie Mac. Hence if you are purchasing a home in an expensive area jumbo loan can effortlessly eliminate all financial concerns. At A Home’s Best Mortgage, we have assisted many clients in getting jumbo loans in Arvada, CO, and its surrounding areas. Our experts are well-aware of legal formalities, lender’s requirements, and how to effortlessly secure approval. Since 2004, not a single one of our clients got rejected for a loan. With us, agreement on favorable terms is a 100% guarantee!
Requirements for Jumbo Loan
The requirements for a jumbo loan are different from a conforming loan and vary from lender to lender due to the lack of a secondary market. Therefore, it is necessary to choose the lender carefully. Generally, the minimum credit score for a jumbo loan is 700, and downpayment is somewhere between 20% to 30%. For the debt-to-income ratio, the lower, the better. 43% is the maximum requirement by most lenders. There are many benefits you can also enjoy with this type of loan program. It offers more money at a competitively lower interest rate. You can purchase a bigger home, invest money in real estate or buy a vacation home according to your preference.
Why Choose Us When You Need a Conforming Limit
As explained before, the eligibility criteria for a jumbo loan is strict. Thus, the application process involves a lot of paperwork. But our highly qualified and experienced experts can deal with any legal and formal complication effortlessly. We have been serving the community as notable mortgage brokers since 2004. Our officers work for several potential lenders offering jumbo loans. We connect you with the lender and make sure you get the mortgage on your terms and conditions. At A Home’s Best Mortgage, our utmost priority is the client’s best interest. Our wide range of services is not limited to loans, but we also provide specialized financial assistance and guidance for better finance management. Thus, if you need our facilities, dial (720) 271-9545, we will be more than glad to serve you.