Jumbo loan california

jumbo loan California

Jumbo loan California is a home loan for an amount that exceeds conventional loan limits established by US regulation.

The conforming loan limit is $453,100 in most of the United States except in some higher cost locations, such as in the State of California.

Jumbo loan California are often securitized by institutions other than Fannie Mae or Freddie Mac.

These loans carry a higher credit risk than those issued by Fannie Mae or Freddie Mac, which reflects in slightly higher interest rates, larger down payments, and reserve requirements.

Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms.

They are available in a variety of fixed-rate or adjustable-rate loan options if you meet the credit criteria of a minimum 700 FICO score.

Fast Approvals for Jumbo Loan California

I can help you in securing a Jumbo loan in California for your dream property. Also I can simplify the entire loan process from submitting the loan application to receiving loan approval.

When considering Jumbo Loan California you must always keep in mind that these are not conventional loans and so the requirements for getting jumbo loans are tighter and need a good credit history.

Learn more about our bad credit mortgage services!

Lenders often have tighter requirements on jumbo loans due to the incurred risk of a higher loan amount on a single property and borrower.

Additionally, jumbo loans are typically harder for lenders to resell on the secondary markets making them less attractive for many mortgage lenders.

Benefits of a Jumbo Loan California:

  • 30 Year Fixed, 15 Year Fixed, or Adjustable Rate Options
  • No Early Pay Off Penalty
  • Flexible jumbo refinance options available

While it is hard to find jumbo loans with less than a 20% down payment, I can help you find many attractive options from the lenders offering jumbo loans with a combination first and second loan.