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.

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.
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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 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.