Jumbo Loans

A jumbo loan, or non-conforming mortgage, allows you to purchase more expensive homes with a loan amount above the conforming limit set by the Federal Housing Finance Agency. In most areas of the country, the conventional conforming loan limit is $424,100; however, the limit is $625,500 in higher cost areas.

If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don’t have enough funds to bring the loan amount under the conforming limit, a jumbo loan might be the right option for you. Highlights of non-conforming loans include:

  • Finance a home over the maximum loan amount established by the Federal Housing Finance Agency.
  • Higher purchase limits allow borrower to purchase more house.
  • Convenience of one loan for the entire loan amount.
  • Primary residence, second home or investment property.
  • Fixed-rate or adjustable-rate mortgages (ARM).

If you are interested in a jumbo loan, please contact your local Fairway mortgage professional.

Jumbo Loans Fairway Independent Mortgage jumbo-loans-with-fairway-independent-mortgage Allows you to purchase more expensive homes with a loan amount above the conforming limit. Default Preview Services & Opportunities Financial Services home loans loans jumbo loans large homes large home loans https://easternoregonmarketplace.com/wp-content/uploads/2018/07/fairway-logo-4.jpgHermiston Office 308 E Gladys Ave Hermiston, OR Oregon 97838 45.8411423 -119.2866923 45.8411423,-119.2866923

Overview

Phone Number(541) 564-5900
Rate TypeJumbo