Jumbo Mortgage Loans
Want a lavish home but can’t qualify for a traditional loan? If you’re interested in our unique Jumbo Loan product, look no further than Turaco Mortgage. Whether you have your sights set on a large estate or a high-rise penthouse, we know to obtain the required finances.
We are a top-tier Jumbo Mortgage Broker that serves high-end houses and affluent people like you. Our team of passionate experts will design a Jumbo Mortgage Loan that precisely complements your financial objectives because they know the luxury market’s unique requirements.
When you can have excellent, why settle for ordinary? You may get the perfect balance of freedom and affordability with our FHA Jumbo Loan. Enjoy the advantages of a Jumbo Loan while reaping the benefits.
We think the most significant financing options should be available for your objectives. Our helpful staff can walk you through the Jumbo Loan procedure and ensure everything goes smoothly. Don’t let loan restrictions prevent you from getting the house you deserve. With our outstanding Jumbo Loan services, Turaco Mortgage will have your back as you enter the world of luxury homeownership. Please open the door to your ideal home by contacting us today!
What Are Jumbo Loans?
Jumbo loans are non-government loans that are typically used by borrowers looking for larger loan amounts. Unlike Conforming loans, they exceed the limits set by the Federal Housing Finance Agency (FHFA), which means they are great options for borrowers looking to buy more expensive home but who have higher credit scores and a strong financial situation.
Advantages
- As little as 10% down with no mortgage insurance.
- Competitive fixed and adjustable rates.
- 15, 20, and 30-year terms.
- Finance a primary residence, a second home, even a vacation home.
- Enjoy the convenience of one loan for the entire loan amount.
- Refinance a jumbo loan and get up to $750,000 cash back.
Eligibility
- Two years of steady employment. (preferably with the same employer)
- A minimum credit score of 680 or higher.
- Monthly debt that does not exceed 40% of your monthly income.
- Strong assets and cash reserves.