F or those who expect a little more from their mortgage lender, Primary Residential Mortgage, Inc. is pleased to offer our customers prime Jumbo lending.
Qualified borrowers can benefit from this new product in several ways:
- Underwritten In-House, All-In-One Solution
- Loan Amounts up to 3M
- 15 Year Fixed, 30 Year Fixed, and ARM Options
- Unique Situations Considered
A Jumbo mortgage loan is for an amount higher than the maximum loan amount established by Freddie Mac and Fannie Mae, the two government sponsored mortgage corporations. The caps are set at the beginning of each year, based on average market prices; as of now a jumbo loan is defined as a loan for more than $417,000, although the amount is higher in Hawaii and Alaska.
Some homeowners choose to go with a jumbo mortgage loan, which comes with stricter guidelines due to the larger amount of the loan. For homeowners whose finances are in order and who are prepared to repay larger debts, these mortgage loans offer the ability to borrow up to $3 million.
Primary Residential Mortgage can provide access to a jumbo mortgage loan, giving you a chance to finally own the house of your dreams, that vacation house in the mountains, or the beach-front condo you’ve always wanted. Talk to us today to find out more.
Jumbo loans are perfect for those who have always wanted that beach-front condo or that vacation home in the mountains. A jumbo mortgage loan allows a home-buyer to buy a more expensive home if he or she has a high paying job and the salary to afford more – but not enough saved up for a substantial down payment. It’s an effective way to buy a home and start to build equity, rather than rent a home.
Contact a qualified loan officer today at (801) 736-7736 to start dreaming bigger with a Jumbo loan from PRMI.