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Jumbo Program

A jumbo mortgage is a home loan that exceeds a certain amount . Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale they will have a higher interest rate than the norm.

Jumbo mortgages come in a variety of options and terms. Calling a trained loan professionals can ensure that all your options are opened. Look over the options explained below and call a loan professional to get a personalized quote.

3/1 jumbo arm- A 3/1 jumbo ARM is an adjustable-rate mortgage, that has an initial interest rate for the first three years and then changes annually thereafter, based on an index.

5/1 jumbo arm- A 5/1 jumbo ARM is an adjustable-rate mortgage, or ARM, that has an initial interest rate for the first five years, and which changes annually thereafter, based on an index.

15 year fixed rate jumbo mortgage- A 15-year jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac and is set for the term of 15 years.

30 year fixed rate jumbo mortgage- A 30-year jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac and is set for the term of 30 years.