Jumbo Loans are residential loans that exceed maximum loan limits set out by FannieMae, FreddieMac, and FHA. This product is excellent for luxury properties (e.g., custom homes, penthouses, mansions).
umbo Loans are residential loans that exceed maximum loan limits set out by FannieMae, FreddieMac, and FHA. This product is excellent for luxury properties (e.g., custom homes, penthouses, mansions).
Jumbo Loans Features
Larger Loan Amount
Jumbo Loan applies to luxury homes. Loan amounts start above conventional national limits and go as high as millions.
Other banks use an off-site processing center. We keep your loan in-house because our staff specializes in Jumbo Loans.
Many Term Options
Other lenders may have limited products for Jumbo Loans. We can offer you all terms: Fixed or ARM, and 10-year, 15-year, 20-year, and 30-year loans.
Common Jumbo Loans Questions
What are the benefits of taking out a Jumbo Loan at iApprove Lending versus a bank?
Doing a loan at iApprove lending is more secure than other banks or lenders. Most lenders will take your loan to an off-site processing center because they have no personal knowledge of doing a Jumbo loan. We keep your loan in-house.
How are your interest rates compared to the large banks?
iApprove Lending can often match or beat large banks’ prices.
What are some of the requirements for a Jumbo Loan?
Typically, Jumbo Loans would require higher standards in credit and income levels. You can contact our loan officers for further elaboration.