Jumbo Loans
Any home loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac is called a “jumbo” loan. Because they are larger than either agency has the authority to purchase, they must be sold to other private investors. Jumbo loans usually have a higher rate of interest, may require a larger down payment, and vary in qualifying ratios and other underwriting criteria.
These home loans are ideal for those looking to buy a high-priced property that could not otherwise be funded.
To learn more about
jumbo loans and how to qualify, reach out to one of our Loan Officers.
Privacy Policy | ©2023 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.
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