We understand that buying a home is a significant milestone, and sometimes, your dream property requires a little extra. Our jumbo loans are designed to help you purchase homes that exceed the standard conforming loan limits, making your dream home a reality.
What is a Jumbo Loan?
A jumbo loan, also known as a non-conforming loan, allows you to borrow more than the conforming loan limits set by Fannie Mae and Freddie Mac. This type of loan is perfect for those looking to invest in high-value properties without the constraints of traditional loan limits.
- Higher Loan Amounts: Finance luxury homes and properties in high-cost areas.
- Flexible Terms: Choose from a variety of loan terms to suit your financial goals.
- Competitive Rates: Enjoy market-driven interest rates tailored to your needs.
Why Choose a Jumbo Loan?
Jumbo loans are ideal for homebuyers who need to borrow beyond the conforming loan limits. Here’s why they might be the right choice for you:
- Access to High-Value Properties: Purchase homes in desirable locations with higher price tags.
- Customizable Options: Tailor your loan terms and repayment plans to fit your lifestyle.
- Potential Tax Benefits: Consult with a tax advisor to explore potential deductions.
Qualifying for a Jumbo Loan
Qualifying for a jumbo loan involves a more rigorous assessment due to the larger loan amounts. Here’s what you’ll need:
- Strong Credit Score: Typically 700 or higher.
- Low Debt-to-Income Ratio: Generally 43% or lower.
- Significant Down Payment: Usually 15% or more.
- Cash Reserves: At least six months of reserves.
Your Path to Luxury Homeownership
Buying a luxury home is an exciting journey, and with Pacific Mortgage Group, the process is as smooth as it is thrilling. Our team is here to guide you every step of the way, ensuring you understand your options and feel confident in your decisions.
Licensed States
We proudly serve homebuyers in California, Florida, Nevada, Washington, Oregon, and Colorado. Wherever you are, our expert team is ready to help you find the perfect loan for your dream home.
At Pacific Mortgage Group, we believe that buying a home should be a joyful experience. Let us help you navigate the mortgage process with ease and excitement. Contact us today to get started on your journey to homeownership!
