Jumbo - Super Jumbo Mortgages.
Written by on May 9th, 2005 in General.
The term “Jumbo” mortgage is used to classify mortgage loans which exceed Fannie Mae loan limits that currently are $333,700. Jumbo loans range from this number up to $650,000.
A “Super Jumbo” mortgage is a loan amount greater than $650,000 and quite commonly goes up to $10 million. Both jumbo and super jumbo loans accommodate the purchase and refinance of upscale luxury homes, vacation properties and high-end SFR (single family residence) investment properties.
At Mortgage Match it’s possible to obtain 100% financing on super jumbo mortgages up to $4 million… often with an interest only option available. If you are considering a jumbo or super jumbo mortgage for either purchase or refinance, please consider one of the Mortgage Match Senior Loan Consultants for designing a custom-built jumbo or super jumbo mortgage to meet your needs.
This type of financing requires special knowledge and expertise in the jumbo/super jumbo loan market. Experience in this area is crucial to obtaining the right mortgage. For more information on jumbo and super jumbo mortgages, please click here. Or, for a free, no obligation consultation, just call 888.890.5625 toll-free and speak directly to a Jumbo/Super Jumbo mortgage expert.