Jumbo loans provide high-value financing options for luxury homes and properties that exceed conventional loan limits.
Jumbo loans are designed for homebuyers seeking financing for properties that exceed conforming loan limits set by Fannie Mae and Freddie Mac. These loans cater to individuals purchasing high-value homes or investing in luxury real estate. With higher loan amounts, Jumbo loans make it possible to secure your dream home or expand your investment portfolio without multiple mortgages.
One of the primary advantages of Jumbo loans is their ability to finance high-cost properties in a single loan, eliminating the need for additional financing. They offer competitive interest rates and flexible repayment terms, tailored to borrowers with strong credit and financial stability. Unlike conventional loans, Jumbo loans typically don’t require private mortgage insurance (PMI), even with a lower down payment. Whether you’re purchasing a luxury residence or a vacation property, Jumbo loans provide the financial flexibility you need.
At Cascade Home Loans, we specialize in simplifying the complexities of Jumbo loans. Our team works closely with you to assess your financial situation, customize loan terms, and guide you through the application process. From financing a luxury property to securing a high-value investment, we’re here to provide personalized solutions that align with your unique needs and goals.
Apply for your loan without worrying about upfront application costs, so you can focus on finding the right home and financing solution.
Borrowers with strong credit scores, stable income, and a solid financial profile are typically eligible for Jumbo loans.
Jumbo loans cover properties that exceed conforming loan limits, which vary by location. Typically, this starts around $726,200 in most areas.
Jumbo loans often require a down payment of 10-20%, depending on the lender and the borrower’s financial profile.
While interest rates may be slightly higher than conventional loans, competitive rates are available for qualified borrowers.
No, PMI is not typically required for Jumbo loans, even if the down payment is less than 20%.
Yes, refinancing is available for Jumbo loans to help borrowers secure better rates or terms.
Don’t just take our word for it
Matt is a pleasure to work with. He helped me through every part of the home buying process answering any and all of my questions along the way. He is hard working, timely, and easy to understand. I would recommend him!
Andrew was a dream to work with. I had a complicated situation and he was there to help me throughout the whole process. He was extremely helpful with all of the difficult situations that came his way. I would not hesitate to recommend him to anyone.
We closed on the house in less than 28 days and this was the first time we ever applied for a loan( FHA). Working with Andrew was literally a breeze. He was very responsive and connected us with anyone we may need during the entire loan process. He was honest, thoughtful, and helpful each step of the way and made the entire process so smooth. Can’t recommend him enough!
Trying to buy a house in a red-hot market is a challenge; having Andrew on the finance side made everything so much easier. We made offers on several properties and every time Andrew was able to provide an approval letter immediately. When we finally had an offer accepted, he made the process clear and simple, and most importantly FAST. We would definitely recommend Andrew to anyone looking for financing.
Andrew stayed on top of everything and made the process very easy, under 2 weeks from submission to clear to close. I would absolutely recommend him to anyone in the future.
From the first contact “let me pull over I am driving and I will have a quote for you”: which only took about 25 mins max to today, the day of closing it has been little more than 31/2 weeks and it is all because of Andrew’s undivided attention, availability and determination. A pleasure to work with highly recommended!
It was a pleasure working with Andrew in both shopping for a mortgage and then completing the mortgage application and closing process. He was professional and very easy to work with…open to talk at any time and answer any questions…right up to the closing. He was even present at the closing to again field any questions and ensure the closing went as expected. I highly recommend Andrew to anyone looking for financing solutions.
My wife and I had a difficult situation between buying and selling homes with different agents and being long distance. I found Andrew multiple times going above and beyond what he should be doing. Recognizing that buying/selling house waits for no one makes it difficult when you are at work, Andrew would ALWAYS pick up the slack on our end as well as give me much needed reminders. In addition, I found it refreshing to get honest answers from Andrew, rather than hearing what you “want” to hear. All in all, Andrew is great at his job and a really great person, that always has your interest in mind, and will do the right thing. He makes one of the more stressful life events, a little bit less stressful.
Andrew was very responsive and went out of his way to make sure we always had all of our questions answered. He worked with us to make sure that we could afford our home and get into it quickly, before we even found one to put an offer in. Even after closing, he continued to answer our questions and give us advice.
Most people find that mortgage financing is complicated and confusing. We help you buy your dream home by simplifying the mortgage financing process with personalized loan options that save you time and money.
