If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don’t have enough funds to bring the jumbo loan amount under the conforming limit, a jumbo loan might be the right option for you. Get more information about jumbo mortgages and view loan rates in your area, contact your local Fairway loan officer. Highlights of non-conforming loans include:
Finance a home over the maximum loan amount established by the Federal Housing Finance Agency
Higher purchase limits allow borrower to purchase more house
Convenience of one loan for the entire loan amount
Primary residence, second home or investment property
Fixed-rate or adjustable-rate mortgages (ARM)
If you are interested in a jumbo mortgage loan, please locate your loan originator.