With a Jumbo loan you can borrow up to $2.5 million to buy your dream home!
Here's what you need to get started.
You need a minimum credit score of 680.
Depending on the Jumbo Loan product you will need a down payment of 10-20% of the sales price.
The typical debt-to income max ratio is 45% or lower, talk to your loan officer to see if you meet this requirement.
Jumbo Loan Benefits
Get Pre-Approved Now
Take the first step towards homeownership with a jumbo loan pre-approval from Prime Rate Mortgage
Check out some of the Jumbo Loan Options we offer.
Use our tools to see what homeownership could look like for you.
Ready to buy your dream home?
Prime Rate Mortgage is your trusted partner for your Jumbo loan pre-approval - take the first step towards owning your dream home.
Not necessarily, when purchasing a new home, the seller can pay for all or part of your closing. Contact us to help you with this.
This highly depends on several factors. You will need to show a strong credit history, high and stable income, low debt-to income. Remember you are borrowing a lot of money so the bank just wants to make sure you have a strong profile.
Depends, usually loans over 2 million will requires 2 appraisals. It also depends on the type of Jumbo loan product you are applying for.
We can close you in 21-30 days!
These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.