Austin Jumbo Loan

In-House Jumbo Mortgage to $2 Million

Jumbo Loan Austin, TX Roll out the red carpet for Jumbo clients and avoid the “big bank” maze. PrimeLending is offering this amazing Jumbo loan opportunity to luxury homebuyers. This is a PrimeLending product.

Call Leaman Team today: (800) 301-3405 or email Team@MaxLeaman.com to get today’s LOW jumbo rate.

In-House PrimeLending Jumbo Loan Offering:

  • In-house delegated underwriting up to the maximum loan amount of $2.0 million.
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  • Appraisals reviewed upfront to avoid value issues later in the loan process.
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  • Maximum loan amount is $2.0 million for purchase, refinance, and cash out refinance transactions.
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  • Both primary and second homes are available for this program.
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  • 30-day closings available.
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Maximum loan amounts and LTV are subject to change. Call Leaman Team today: (800) 301-3405 or email Team@MaxLeaman.com to get today’s LOW jumbo rate.

As of 2017, the limit for conventional conforming loans is $424,100 for most of the United States. Jumbo loans can be 30-year fixed, adjustable-rate mortgages, and FHA loans with up to 97% financing and new higher loan limits.

More About Austin Jumbo Loans

An Austin jumbo loan is different than a conventional home loan (also called a conforming loan). An Austin jumbo loan is a mortgage loan that is in excess of Fannie Mae guidelines. The current conforming loan limit is $424,100, making any Austin mortgage with an amount above $424,100 an Austin jumbo loan. In addition, the Austin jumbo loan interest rate is usually higher than a conforming loan because it is considered to have more risk to Austin mortgage lenders.

An Austin jumbo loan is a non-conforming loan. The majority of Austin mortgage loans by lenders are conforming loans. Austin Jumbo loans are a small percentage of Austin mortgages that are completed each year. Although most mortgage loans that are done in the USA are conforming, there are high-cost areas that demand jumbo loans such as California, Florida, New York, and other high cost states.

Leaman Team has exclusive offerings on Austin jumbo loans. Call Leaman Team today: (800) 301-3405 or email Team@MaxLeaman.com.