Jumbo Loan Overview
The mortgage professionals at Doric are here to get you there.
Jumbo Loans just for you.
There are many benefits, including financing available up to $2.5 million, the convenience of one loan for the entire loan amount instead of having multiple mortgages, competitive pricing, and more.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
Our Jumbo rates are low.
A Jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $510,400 in most counties (as of 2020), as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.
Also called non-conforming conventional mortgages, Jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
Our Jumbo Loan Process
Here’s how our home loan process works:
- Complete our simple Jumbo Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the mortgage loan offer that best fits your needs
If purchasing a home, you can now start shopping with confidence to find your perfect home.
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Principal & Interest $1421
Monthly Taxes $1421
Monthly HOA $1421
Monthly Insurance $1421***Please remember that this calculator is for DEMONSTRATION PURPOSES ONLY and may not provide accurate real estate values, calculations, or any related numerical values in relation to home loans and/or mortgages.***