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.
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.
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%.
Credit scores as low as 660 may be accepted (depending on the situation).
10% down payment
Big loans up to $2M
Fixed mortgage term
Constant interest rate
Constant monthly payments
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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.
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.