Jumbo Loans
About
Jumbo loans are great for those seeking a high balance loan up to $2M. These loans have a fixed rate and often require a sizeable down payment of 10%. Interest rates are competitive but maybe a bit higher as the lender has greater risk.
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When a conventional loan is not enough, a Jumbo loan is a great option. Jumbo loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac.
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Jumbo loans are ideal for luxury homes and investment properties. These loans are great for those who have great credit, have a low debt-to-income ratio, and are able to put down 10%.
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Credit scores as low as 660 may be accepted (depending on the situation).
Highlights
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10% down payment
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Big loans up to $2M
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Fixed mortgage term
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Constant interest rate
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Constant monthly payments
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Non-insured loan
Ready to Buy a Home?
Cardinal Financial offers flexible loan options to fit your needs. As your go-to trusted professional, Eric will help you navigate your loan options, evaluate trade-offs, and execute a smooth transaction to get you to the finish line as a new homeowner.
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With over 20 years of experience in the mortgage industry, Eric Haubenschild with Cardinal Financial has the knowledge and expertise to guide you through the mortgage loan process.
