JUMBO LOAN
MORTGAGE EDUCATION
How Does it Work?
Jumbo loans are essentially home loans starting from $484,351 to $3,000,000 and come with affordable interest rates.
Jumbo loans are also known as “non-conforming” loans as they are above the standard loan limits set by the government.
The conventional loan limit in most of the country is $484,350, but the limit is higher in places where homes are more expensive.
If you’re looking to purchase a home, we can offer Jumbo loans up to $3,000,000, and if you’re refinancing a Jumbo loan to get cash out, you can get about $750,000 back as well.
THE MAIN BENEFITS
You end up gaining several advantages with a Jumbo loan, which makes it a popular option. These include:
You get lower interest rates on Jumbo loans compared to conventional loans.
You have the option of choosing between an adjustable or fixed interest with a jumbo loan.
If you’re looking for lenient requirements for credit and down payment, you can try qualifying for a jumbo FHA loan.
Service members and veterans who meet the requirements for a Jumbo VA loan can purchase homes with lower down payments.
Why Choose Iconic Mortgage Corp for Acquiring A Loan
When you’re thinking about getting a loan, think of the several benefits that you stand to gain by choosing Iconic Mortgage Corp. Some of these benefits are:
Less paperwork involved as the application is done online completely
You can talk to our Home Loan Experts via phone, chat, and email to find out if getting the Jumbo loan is one of the best choice for you.
There are no charges for making online mortgage payments
You can pay off your loan early and not worry about any prepayment penalties.
