In the market for that "once in a life time" dream house? Does your dream translate into a loan that's larger than the conventional loan limit? If you can make a large down payment and pay all your closing costs up front, you will get a lower rate by staying below this limit. However, if your financing needs are greater, a Jumbo loan may be the right choice.
Use the Loan Consultant to find the Jumbo loan right for you. At the same time you get quotes on current interest rates and closing costs.
You may instead select the specific Jumbo loan program that interests you to learn more about our various loan programs.
15 Year Fixed Jumbo Portfolio
| Best Choice If:You plan on staying in the home long-term.
You think interest rates will increase.
You don't expect your income to increase significantly over the coming years.
You need to qualify for the largest loan possible. | Advantages:Excelllent Fixed rate of interest.
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments. | Disadvantages:You'll end up paying more in interest charges over the life of the loan.
Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.) |
30 Year Fixed Portfolio Jumbo
| Best Choice If:You plan on staying in the home long-term.
You think interest rates will increase.
You don't expect your income to increase significantly over the coming years.
You need to qualify for the largest loan possible. | Advantages:Excelllent Fixed rate of interest.
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments. | Disadvantages:You'll end up paying more in interest charges over the life of the loan.
Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.) |
15 Year Fixed High Balance Agency
| Best Choice If:You need to qualify for the largest loan possible.
You plan on staying in the home long-term.
You think interest rates will increase. You don't expect your income to increase significantly over the coming years. | Advantages:Fixed rate of interest.
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments. | Disadvantages:You end up paying more in interest charges over the life of the loan.
Benefits of the fixed rate are not realized until after the 7th year. (7/1 Jumbo ARM is a better option if loan is paid-off within 7 years.)Note: Interest rates on Jumbo fixed rate loans are typically higher than conforming fixed rate loans |
30 Year Fixed High Balance Agency
| Best Choice If:You need to qualify for the largest loan possible.
You plan on staying in the home long-term.
You think interest rates will increase. You don't expect your income to increase significantly over the coming years. | Advantages:Fixed rate of interest.
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments. | Disadvantages:You end up paying more in interest charges over the life of the loan.
Benefits of the fixed rate are not realized until after the 7th year. (7/1 Jumbo ARM is a better option if loan is paid-off within 7 years.)Note: Interest rates on Jumbo fixed rate loans are typically higher than conforming fixed rate loans |
