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Jumbo

Dream homes can mean big loans, and a Jumbo home loan can make those dream homes become a reality.

When the home of your dreams is in an extremely desirable location, your growing family demands a larger home or you desire luxury amenities that rival most five-star resorts, a Jumbo loan may be right for you.

Jumbo loans are also considered non-conforming loans because they exceed the conforming loan limit of $453,100. Interest rates on Jumbo loans tend to be higher, due to the increased risk associated with larger loan amounts, and because the loans cannot be sold to Freddie Mac or Fannie Mae on the secondary market. Some borrowers may choose to pay a larger down payment to get their loan size below the conforming limit. Other borrowers are comfortable paying a higher monthly payment instead of putting the additional money down. For these borrowers with higher monthly income but less available down payment, a Jumbo loan is the perfect solution.

What You Need to Know

Our home loan advisors at Scissortail Financial Home Loans will help you determine if your loan amount falls outside of the conventional limits. While piggyback second mortgages and larger down payments could bring your loan amount down to conventional limits, you may choose to utilize a Jumbo loan instead. We will help you understand your options so you can decide which loan will fit your needs.

Call us today to take the first step.

You will be glad you did.

Ideal option for anyone needing to finance a home.-
Greg, just wanted to thank you for the excellent job you and your staff have done on processing our home mortgage. From the very beginning stages, we have been extremely happy with the professional, knowledgeable way in which the process has been handled up to our successful closing today. We would like to especially recognize Heather Westemeir for her professional, diligent efforts in completing our mortgage. She was very thorough and kept in daily contact to make sure all necessary steps were taken to allow our process to ...

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