Total Mortgage Services
JUMBO MORTGAGE LOAN PROGRAMS
(with lowest jumbo mortgage rates)
Finding the right mortgage is just as important as finding the right home. With so much at stake, it’s important to get expert advice from a company that you can trust.
Total Mortgage Services has a team of dedicated experts for Jumbo Mortgage Programs. We are committed to finding the right loan, at the right rate, and keeping you informed every step of the way. If you’d like to talk to one of our Jumbo Mortgage Programs experts, fill out the contact form below and we’ll call you right back or call 877-868-2503 for immediate assistance.
Jumbo Mortgage Programs — Explained
Jumbo Mortgage Programs are those with a loan amount over the industry standard conforming limit. Set by congress, the conforming limit is defined by the maximum loan amount available for purchase by Fannie Mae and Freddie Mac — the two federally charted organizations that procure mortgage securities. The current conforming limit is $417,000. Being above the conforming limit, Jumbo loans are often subjected to premiums on interest rates and other restrictions.
Call 877-868-2503 and ask a loan consultant if you qualify for conforming rates.
Jumbo Mortgage Programs — The Options
Because Jumbo Mortgage programs are subject to special conditions over and above conforming loan conditions, it’s important to consider all the available options. The higher loan amounts associated with Jumbo Mortgage programs normally mean that no-money-down programs are generally not available. For the most part, a minimum of 5% down payment is required to secure Jumbo loan programs. Additionally, because of increased loan amount, it is recommended to investigate the viability of variable and fixed interest rates for Jumbo Mortgages.
Jumbo Mortgage Programs — Getting the Right Advice
At Total Mortgage Services, we have Jumbo loan experts ready to discuss the various options available to you. We are committed to exceptional service and offering the best Jumbo Mortgage rates available.
SUPER JUMBO MORTGAGE PROGRAMS
At the luxury end of the home market, purchasers seek out Super Jumbo Mortgage programs to help buy their dream home.
Super Jumbo Mortgage programs are much more complicated than standard conforming mortgages. If you are looking for a loan amount over $1 million, it is vitally important that you seek expert advice. Total Mortgage has experienced Super Jumbo Mortgage program advisers available for consultation. Call 877-868-2503 for more information and view today’s low current mortgage rates.
Super Jumbo Mortgage Programs Specifics
Super Jumbo Mortgage programs involve loan amounts above both the standard conforming loan limit and the amount that defines a Jumbo Mortgage program. The conforming limit is defined by the maximum loan amount available for purchase by Fannie Mae and Freddie Mac, the two federally charted organizations that procure mortgage securities. Unlike conforming loans, Super Jumbo Mortgage programs are not regulated by these two charted agencies. Therefore, each particular lender internally defines the exact dollar amount that constitutes a Super Jumbo Mortgage program. Super Jumbo Mortgages typically start at a loan amount over $1 million and can extend to a maximum of around $10 million.
Super Jumbo Mortgage Program Options
The risk to mortgage lenders is normally proportionate with the size of the loan. Therefore, Super Jumbo Mortgage programs have a high risk association for both the investor and the mortgagee. However, just because Super Jumbo Mortgage programs are weighted as a higher risk doesn’t mean that they need to be totally inflexible. There are numerous options to consider with your mortgage advisor to ensure you get the right rate, tax benefits and the term of the loan fits your financial situation.
Super Jumbo Loan Advice
Our Total Mortgage Services advisors will skillfully guide you through the mortgage process, step by step. Every variable will be analyzed and discussed with you. As a company, we have a policy of being upfront and honest. We always deliver as promised!
Get expert advice on Super Jumbo Mortgage programs!
We know you’re busy, so feel free to complete the mortgage application online to be contacted by a loan advisor or you can always call us at 877-868-2503!
Total Mortgage is proud to offer America’s lowest rates and fees plus the convenience, personal service and integrity of a community lender.
We understand that you’re not just looking for a home… you also need a trusted financial partner to help you realize your dream. Since 1997, we’ve been improving the mortgage experience with unbeatable rates, creative solutions, and rapid responses. Total Mortgage believes you deserve a mortgage that’s as individual as you are, and service that’s the best in the industry.
Because of our in-house underwriting, our advanced processing technology, and the sheer volume of the business we do, we have access to the widest array of programs and the best possible rates available anywhere. In many states, we’re a broker and a lender, which means we have great flexibility in crafting a mortgage solution that’s right for you.
Whether you’re interested in purchasing, refinancing, tapping your home equity, or debt consolidation, we can help. Call us today at
800-277-7212 to learn how we can customize a program that’s tailored to your personal and financial situation.