Jumbo loans are mortgages for amounts above the federally-mandated conventional loan limit. Currently, the jumbo loan limit is $417,000. However, Congress has approved changes that may get you a lower rate on some jumbo loans. Call 405-285-1670 to see if your jumbo loan qualifies for a lower rate!
Jumbo loans are much more flexible than most people think. Here's how a jumbo loan can help you afford your home in that high-cost area:
Based on your home, the market, and your finances, you can refinance your jumbo loan with LTV less than 90%.
Did you know that FHA loans are available as a jumbo? Depending on your location, you could put as little as 3.5% down with your jumbo loan.
Jumbo loans can either be fixed-rate, or have a mortgage rate that adjusts after a fixed period. An adjustable-rate mortgage can get you a smaller monthly payment. A fixed-rate mortgage can give you secure, fixed payments year after year.
On both the fixed-rate and adjustable-rate jumbo loans, North Star Loans offers an interest-only payment option. This means you have the choice of paying the interest plus as much of the principal amount as you like each month.
Applying for a jumbo loan doesn't take months of processing. Our exclusive and fast online process speeds through jumbo loans. You can be approved and close in just weeks! We make it easy for you to afford the dream home you want or to refinance to a lower rate.
Not bad for a first-timer - first-time home buyers can get a tax credit up to $7500! “First-time home buyers” including anyone who hasn't owned a home in the past three years. Talk to your mortgage consultant to find out more.
Get a larger loan with a great interest rate, which means a lower monthly payment. Get expert advice from Tim White, your Jumbo Loan expert. Your county may now qualify lower rates on some jumbo loans. Call us at 405-474-0421 to get payment relief on your jumbo loan today.