Key Benefits of Jumbo Home Loans

A jumbo loan gives you the power to get the home you’ve always wanted without being restricted by loan limits in your property’s area. Not only does a jumbo loan from Blue Spot help you get the house of your dreams (and everyone else’s!), we offer qualified home buyers options like loan amounts up to $3 million, low interest rates, and non-traditional loan terms.

What is a Jumbo Loan?

Loan limits shouldn’t hold you back! If you’re looking to buy a luxury home or a property in a hot real estate market, consider using a jumbo loan. A jumbo mortgage means that your loan amount exceeds the annual limits set by the Federal Housing Finance Authority (FHFA). You may hear jumbo loans referred to as “non-conforming” since they are outside the conforming limits set by the FHFA. Look up current limits on the FHFA’s website – loan limits vary by county and state, so take a minute to check out the limits near you.

Who would use a Jumbo Loan?

If your dream home is priced outside of the FHFA’s loan limits, then a jumbo loan might be what you need.

Jumbo loans typically require higher down payment amounts, a higher credit score, and a stronger debt-to-income ratio than other loans. Our team can help you by providing different down payment options depending on your circumstances. We can also help you navigate the more complicated paperwork involved if you’re self-employed or have multiple sources of income.

Start Your Jumbo Loan

Finance your dream home with great rates and an easy closing process. A loan expert from Blue Spot Home Loans is ready to help you navigate your loan process today.

Start Your Loan