Jumbo Mortgage Loans with Jumbo Mortgage Rates
||Shopping for a Jumbo Mortgage? Joe Wagner will be glad to help! Give Joe Wagner a call at 612-327-4544. Ready to get started? Apply Here.
Finding the right mortgage is just as important as finding the right home. With so much at stake, it's important to get expert advice from a company that you can trust.
MinnTrust Mortgage has a team of dedicated experts for Jumbo Mortgage Programs. We are committed to finding the right loan, at the right rate, and keeping you informed every step of the way. If you'd like to talk to one of our Jumbo Mortgage Program experts, fill out the contact form below and we'll call you right back or call 612-327-4544 for immediate assistance.
Jumbo Mortgage Programs -- Definition
Jumbo Mortgage Programs are those with a loan amount over the industry standard conforming limit. Set by congress, the conforming limit is defined by the maximum loan amount available for purchase by Fannie Mae and Freddie Mac -- the two federally charted organizations that procure mortgage securities. The current conforming limit is $417,000. Being above the conforming limit, Jumbo loans are often subjected to premiums on interest rates and other restrictions.
Jumbo Mortgage Programs -- The Options
Because Jumbo Mortgage Programs are subject to special conditions over and above conforming loan conditions, it's important to consider all the available options. The higher loan amounts associated with Jumbo Mortgage Programs normally mean that no-money-down programs are generally not available. For the most part, a minimum of 10% down payment is required to secure Jumbo Loan Programs. Additionally, because of increased loan amount, it is recommended to investigate the viability of variable and fixed interest rates for Jumbo Mortgages.
Jumbo Mortgage Programs -- Getting the Right Advice
At MinnTrust Mortgage, we have Jumbo Loan experts ready to discuss the various options available to you. We are committed to exceptional service and offering the best Jumbo Loan rates available.
Have questions about Jumbo Mortgage Programs? Call Joe Wagner at 612-327-4544. It's his job to answer lending questions, so he is happy to help! I know you are busy, so feel free to complete the form below to be contacted by Joe Wagner.
Serving all of Minnesota.
Anoka MN, Apple Valley MN, Bemidji MN, Boundary Waters MN, Brainerd MN, Bloomington MN, Coon Rapids MN, Crow Wing County MN, Dakota County MN, Bloomington MN, Eden Prairie MN, Gull Lake MN, Hennepin County MN, Hopkins MN, Lakeville MN, Lake Mille Lacs MN, Lake Minnetonka MN, Lake Nokomis MN, Lake Pepin MN, Lake Vermilion MN, Lake Winnibigoshish MN, Leech Lake MN, Maplewood MN, Mendota Heights MN, Mound MN, Orono MN, Red Lake MN, Richfield MN, Rosemount MN, Savage MN, St Louis Park MN, White Bear Lake MN, Wright County MN.