In the market for that "once in a life time" dream house? Does your dream translate into a loan that's larger than the conventional loan limit? Need to borrow more than $726,200 (or the conforming limit for your county)?
If you can make a large down payment and pay all your closing costs up front, you will get a lower rate by staying below this limit. However, if your financing needs are greater, a Jumbo loan may be the right choice.
Use the Loan Consultant to find the Jumbo loan right for you. At the same time you get quotes on current interest rates and closing costs.
You may instead select the specific Jumbo loan program that interests you to learn more about our various loan programs.
Jumbo is a loan amount greater than standard financing limit of $726,200 (or the conforming loan limit for your county).
5/5 Jumbo ARM
| Best Choice If:You want a loan with: Higher available loan amounts
Very low initial payments
The benefits of both a Fixed and ARM product.
| Advantages: This is an adjustable rate product. The interest rate stays fixed for the first five years and adjusts every 60 months thereafter.
Allows for higher loan amount qualification and enhanced buying power.
Fewer adjustments than a 5/1 ARM or 7/1 ARM | Disadvantages:Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
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Jumbo 15 Year Fixed
| Best Choice If:You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
You would like to pay-off the loan balance quickly.
| Advantages:Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
The loan balance will decrease more rapidly than a 30 Year mortgage.
| Disadvantages:Monthly payments are higher than a 30-year mortgage
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Jumbo 15 Year Fixed 95
| Best Choice If:You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
You would like to pay-off the loan balance quickly.
| Advantages:Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
The loan balance will decrease more rapidly than a 30 Year mortgage.
| Disadvantages:Monthly payments are higher than a 30-year mortgage
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Jumbo 30 Year Fixed
| Best Choice If:You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
You would like to pay-off the loan balance quickly.
| Advantages:Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
The loan balance will decrease more rapidly than a 30 Year mortgage.
| Disadvantages:Benefits of the fixed rate are not realized until after the 7th year. (7/1 ARM is a better option if loan is paid-off within 7 years.) |
Jumbo 15/15 ARM
| Best Choice If:You want a loan with:
Very low initial payments
The benefits of both a Fixed and ARM product.
| Advantages: This is an adjustable rate product. The interest rate stays fixed for the first fifteen years and adjusts one time.
Allows for higher loan amount qualification and enhanced buying power.
| Disadvantages:Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
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5/1 Jumbo ARM
| Best Choice If:You want a loan with: Higher available loan amounts
Very low initial payments
The benefits of both a Fixed and ARM product.
| Advantages: This is an adjustable rate product. The interest rate stays fixed for the first five years and adjusts annually thereafter.
Allows for higher loan amount qualification and enhanced buying power. | Disadvantages:Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
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7/1 Jumbo ARM
| Best Choice If:You want a loan with: Higher available loan amounts
Low initial payments
The benefits of both a Fixed and ARM product.
| Advantages: This is an adjustable rate product. The interest rate stays fixed for the first seven years and adjusts annually thereafter.
Allows for higher loan amount qualification and enhanced buying power. | Disadvantages:Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
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