Jumbo loans are available for those that need to borrow over the conforming loan limits — currently $484,350 in most areas of the U.S. Jumbo loans can have either fixed rates or adjustable rates, as well as different terms such as 15 years and 30 years. The Mortgage I.D. tool from Local Mortgage can help you determine if a jumbo loan is right for you.  

 

Jumbo loans typically have lower interest rates but the credit qualifying and documentation requirements can be a bit higher compared to a conforming loan. This limits the number of people jumbo loans are right for, but they can be beneficial in the right situations. When you get your jumbo loan through us, you receive the Local Mortgage advantage:

 

1. Fantastic low rates on jumbo loans

2. Our staff is experienced handling jumbo loans

3. Transparent process lets you know how your mortgage is coming along during every stage of the process

4. Our Staff is always available when you need to contact us.