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Jumbo Loan Programs

Jumbo Loan Programs for Large & Vacation Home Financing

Find Excellent Jumbo Loan Programs 

Jumbo loan programs are mortgages that are used to finance the purchase of properties where the loan amount is greater than the limits of “conforming loans,” which are loans that meet the guidelines specified by the Federal Housing Finance Agency (FHFA). Jumbo mortgage rates are typically higher because of the greater level of risk that a larger loan represents.

To determine whether your home purchase requires a jumbo loan and to find jumbo loan programs with most attractive rates and terms, consult the knowledgeable mortgage professionals at eLEND. Our team of mortgage specialists provides unparalleled expertise and dedicated, personal service to simplify the mortgage process and help you find the jumbo loan programs with the best terms and the lowest mortgage rates.

Jumbo Loan Programs

Your eLEND Mortgage Loan Originator can help you determine what the conforming loan limits are for your area and whether you should apply to conventional loan or jumbo loan programs. We can also help determine how much house you can afford with a housing loan calculator and share current interest rates on mortgage products.

As a leading mortgage lender, we offer a variety of jumbo loan programs to choose from. These include:

  • Fixed rate jumbo loan programs with 15-year or 30-year fixed rate mortgage products. Fixed rate mortgages lock in the interest rate over the life of the loan, providing you with a consistent monthly payment and predictable costs as you manage your finances.
  • Adjustable rate mortgages (ARM) with 5-year and 7-year jumbo ARM options. An ARM typically offers a lower interest rate than a fixed rate mortgage during the introductory period of five or seven years, after which the interest rate may rise or fall based on certain economic factors. The lower introductory rate on adjustable rate mortgages is attractive to homebuyers who want to qualify for a higher purchase price.

Qualifying for jumbo loan programs is dependent on several factors that include your credit history and score, your annual income, the total of other debts you owe, and the amount of equity you will have in the property.

Refinance Jumbo Loan Programs

In addition to jumbo loan programs for purchasing a home, we offer jumbo loans for refinancing a mortgage as well. If you have an adjustable rate mortgage that is nearing the end of the introductory period, refinancing with fixed rate jumbo loan programs is a great way to lock in a lower interest rate to gain greater security and more predictability in your mortgage costs.

Learn more about jumbo loan programs at eLEND, and about programs for vacation home financing.