A jumbo loan is a mortgage for borrowers who wish to borrow more than $417,000. This is a limit established by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Because Jumbo loans cannot be funded by these agencies, they usually require higher interest rates than conventional loans. However, with a jumbo mortgage from Mortgage America, borrowers can take advantage of highly competitive fixed rates and adjustable monthly interest rates.
Is a Jumbo Loan Right for You?
Talk to a Mortgage America Loan Officer for information about your specific jumbo loan options. Our representatives can walk you through every step of the process. We’ll help find the loan option that’s right for you. See how we can help you today with a jumbo loan.
Check Our Conventional Loan Program