Austin Jumbo Loan
In-House Jumbo Mortgage to $2 Million
Call Leaman Team today: (800) 301-3405 or email Team@MaxLeaman.com to get today’s LOW jumbo rate.
In-House Jumbo Loan Offering:
- In-house delegated underwriting up to the maximum loan amount of $2.0 million.
- Appraisals reviewed upfront to avoid value issues later in the loan process.
- Maximum loan amount is $2.0 million for purchase, refinance, and cash out refinance transactions.
- Both primary and second homes are available for this program.
- 30-day closings available.
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 2018, 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.