New Jersey and New York Purchase and Refinance Jumbo Mortgage Funding? We can help!
Jumbo loans are used when the mortgage is more than conventional Fannie Mae and Freddie Mac limits (currently its $726,200 for a single-family home (except Hawaii and Alaska and a few designated high-costs areas that have a $1,089,300 limit).
We offer Jumbo mortgages for primary residences, vacation or second homes up to $5 million, as well investment properties up to $3 million. We have a different programs and terms with both fixed-rate and adjustable-rate loans. Jumbo loans traditionally require higher down payments along with higher interest rates and stricter underwriting than standard conventional mortgage loans.
Portfolio Jumbo Mortgages are available for borrowers using alternative income documentation from borrowers who have strong credit and the substantial down payment to qualify. We assess the loan applicant’s full financial profile, not just bank statements, W2s and tax returns.