What is a Jumbo Loan?
Jumbo loans are any single loan amount over the conforming loan limits throughout most of the United States. When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a Jumbo Mortgage.
Jumbo Loan Limits
A Jumbo loan is designed for buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac.
On Q Financial is a leader in financing Jumbo loans up to $3 million for owner occupied financing, and offers competitive pricing on fixed-rate and adjustable-rate mortgages.
Jumbo Loan Guidelines
Purchase, Rate-Term and Cash-Out Refinance Available
Primary Residence, Second Homes and Investment Properties
Loan Amounts up to $3,000,000*
Up to 90% LTV with No Mortgage Insurance (primary residence)
Get the Convenience of One Loan for the Entire Loan Amount
30-Year, 20-Year, and 15-Year Terms Available
Interest Only Payment Options
Financing Options for FICO Scores >680
Gift Funds Allowed
Up to 49.99% Debt-To-Income Ratios
Foreign National** and Expatriate Loan programs for investment properties and Vacation Homes for all States On Q Financial Inc., lends in.
Open to First Time Home Buyer
*Loan Amounts Vary by Occupancy Type and Loan-to-Value
**provided by an On Q Financial, Inc. business partner
Guidelines on Jumbo loans vary from program to program.
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