About Jumbo Home Loans

A jumbo loan is a specialized type of mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2022, this limit is $647,200 for most of the U.S. but it rises to $970,800 in high-cost areas such as Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Due to the larger amounts and higher risk for lenders, jumbo mortgage loans often come with slightly higher interest rates compared to conforming loans.

Understanding what constitutes a jumbo loan is essential for making informed financial decisions, whether you’re a first-time homebuyer or a repeat buyer. Our Jumbo Loan Qualifier. tool can streamline the process, providing clarity on various loan programs and helping you select the best option.

When considering a jumbo home loan it’s also important to factor in refinance costs, including mortgage refi costs, to determine the total expense of your financing. Stay updated on recent home loan interest rates and current home interest loan rates, as these can affect your borrowing costs. Evaluating current housing market rates and refi mortgage rates will assist you in managing your jumbo financing effectively and ensuring you make the most informed decisions regarding home loan refinance costs.

The Jumbo Loan Process

Here’s how our home loan process works:

• Complete our simple Jumbo Loan Qualifier.
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
• Choose the offer that best fits your needs