Jumbo Home Loans from Greater Nevada Mortgage
What is a Jumbo Mortgage Loan?
At Greater Nevada Mortgage, we offer jumbo mortgages for home loans that exceed conforming loan limits. Jumbo loans are often used for purchasing and financing higher priced and luxury homes, as well as homes in markets with higher housing costs.
Who Can Benefit from a Jumbo Mortgage Loan?
Borrowers with lower debt-to-income ratios and higher credit scores often turn to a jumbo loan, especially when financing a home requiring a loan more than $510,400.
Jumbo Loan Features
- Loan amounts are between $510,401 and $1,000,000
- Purchase and refinance cash out options
- Borrowers may qualify for a mortgage with Loan to Value (LTV) up to 80%
- Primary residence only
- First time homebuyers are eligible
The limit on conforming loans is $510,400 in most areas, but jumbo mortgages can exceed these limits. Even so, if you're considering a home in a high-cost area, you may still be able to obtain a conforming fixed-rate mortgage or adjustable-rate mortgage.
This is not an offer for extension of creditor a commitment to lend. All loans subject to credit approval by Greater Nevada Mortgage. Additional terms and conditions apply. Not all borrowers will qualify. Information and pricing are subject to change without notice.
For more information, speak with a Greater Nevada Mortgage consultant.
All loans are subject to credit/collateral approval by GNM. For a representative payment example, click here.