A jumbo loan exceeds the normal limit amount set by Fannie Mae and Freddie Mac. This varies from county to county, and rates depend on the property location.
Fixed Rate Jumbo – You won’t have to deal with changes in interest rates. Fixed rate jumbo loans offer consistent payments every month.
Adjustable Rate Jumbo – Designed for those who anticipate significant property value appreciation in the near term, those who prefer much lower payments during the adjustable rate period, or those who expect rate declines in the future.
The payments will depend on your financial situation and the current market interest rates.
If you’d like to discuss in detail, please contact one of our loan officers.