.jpg)
Are you eyeing a home that costs more than standard loan limits allow? A jumbo mortgage could be your answer. At Clear Rate Mortgage, we know that pricey homes in hot markets often need bigger loans. That's why we offer jumbo mortgages made just for you.
What's a Jumbo Mortgage?
A jumbo mortgage is a home loan for expensive houses that cost more than regular loan limits set by the FHFA. In most places, that limit is $726,200, but it can be higher in pricier areas. With a jumbo mortgage, you can buy homes above these limits without needing multiple loans.
Why Pick a Jumbo Mortgage?
- Borrow More: Jumbo mortgages let you borrow bigger amounts than regular loans, so you can buy that dream home.
- Good Rates: At Clear Rate Mortgage, we try to keep our rates low, helping you manage payments on your big loan.
- Lots of Options: Whether you want a fixed or changing rate, jumbo mortgages come in many forms to fit your money plans.
Who Can Get a Jumbo Mortgage?
Jumbo mortgages are harder to get than regular loans. Here's what you usually need:
- Good Credit: A higher credit score, often 700 or more, shows you can handle a big loan.
- Big Down Payment: You might need to put down 10-20% of the home's cost upfront.
- Money in the Bank: Lenders often want to see you have enough saved to cover a few months of payments.
How Clear Rate Mortgage Helps
Our team at Clear Rate Mortgage knows jumbo mortgages inside and out. We take pride in giving you personal help so you understand everything from start to finish. Whether you're buying your dream home or refinancing, we're here to find the best loan for you.
Want to Start?
If you're thinking about a jumbo mortgage, Clear Rate Mortgage is ready to help. Pre-Qualify Now! and take your first step towards buying your luxury home.
