JUMBO Loan
WHAT IS A JUMBO LOAN?
If you’re interested in purchasing a luxury or high-priced residence, a jumbo mortgage in California could be your ideal choice. HPI Financial offers jumbo loan options for borrowers seeking that very special property. Qualifying for this type of financing depends on these criteria:
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Relatively Low Debt-to-Income Ratio
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High Credit Score
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Large Down Payment
Once you meet these criteria as determined by the lender, you may qualify for a jumbo mortgage in California.
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Jumbo mortgages are often structured to meet the specific needs of borrowers. In situations where a borrower needs a loan amount that exceeds the conforming loan limit, obtaining a jumbo mortgage eliminates the need to take out multiple mortgages or use a combination of loan products. This can simplify the borrowing process and reduce paperwork and associated fees.
JUMBO LOAN HIGHLIGHTS
LOW DEBT TO INCOME RATIO
HIGH CREDIT SCORE
LARGE DOWNPAYMENT
WHO CAN BENEFIT?
Diversity also is evident in the selection of terms offered with a jumbo loan in California. Fixed rate and adjustable rates are among the possible options available to applicants.
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Remember, a jumbo mortgage has more stringent requirements than other types. When applying for such a loan, borrowers should be prepared for higher interest rates, as well as a higher down payment than that required with conventional mortgages. But the reward will be worth the investment.
At HPI Financial, we’ll help you get the extraordinary home you’ve always wanted. With considerable knowledge and experience in the field of jumbo loans, our specialists will forge a path to your goals at the best possible terms.
Are you interested in learning more about getting JUMBO Loan?
Contact me for more information and answers to all our questions. No matter where you are in California, HPI Financial will get the right loan for you. Call me today at 408.316.2071