Buy that Big Home You Want with a Jumbo Loan

 

A bigger home needs a bigger loan. When you need a large mortgage, conforming home loans are sometimes not enough. If you’re looking to borrow a home loan that goes above the conventional loan limits, turn to Primary Residential Mortgage, Inc. for jumbo loans.

Jumbo Loan Benefits

 

Although a jumbo loan typically requires a higher credit score and down payment, it has a couple of advantages. This loan, for starters, does not require you to have private mortgage insurance. You also get to enjoy the flexibility of going for a 15- or 30-year jumbo loan at a fixed or adjustable rate.

Get in touch with us today to learn more about our jumbo loans.

Requirements

 

Down Payment                            20% of the final loan amount

 

Terms                                            15, 30 years, fixed and ARMs

 

Credit Score                                   700 minimum

 

Mortgage Insurance                     No

 

Maximum Loan Amount             $2.5 million