Jumbo loans are traditionally considered any loan amount over $417,000, and obviously for homes of higher values. These loans are riskier for the lenders hence, the loan to value maximums are usually lower, than the 95% LTV conventional mortgages.
In the past 5 years, the Jumbo loan programs have suffered due to the hit the mortgage industry has taken. The Jumbo Loan program has now starting to come around again in terms of overall availability, and competitive rates.
Please call All Financial Services, LLC at 1-877-740-9840 for more questions regarding Jumbo Loan Programs.
Licensed in California by the Department of Business Oversight, State of California Pursuant to and in compliance with the California Finance Lenders Law; # 60DBO59592, NMLS # 528105
Licensed by the Pennsylvania Dept. of Banking: License # 35801 NMLS # 528105
Licensed by the D.C. Dept. of Insurance, Securities, and Banking: License # MLB528105 NMLS # 528105
Licensed by the Maryland DLLR / Commissioner of Financial Regulation: License # 19683: NMLS # 528105
Licensed by the Virginia State Corporation Commission: License # MC-5886: NMLS #528105
Licensed by the Florida Office of Financial Regulation: License # MBR-1789: NMLS #528105
For more licensing information please visit www.nmlsconsumeraccess.org