Illinois
Home Loans -
Jumbo Mortgage Loans
Illinois Jumbo mortgages are categorized as loans in excess
of $333,700.00 for single-family residences.
Fixed rate loans always vary in price between conforming
and jumbo loan amounts although some adjustable rate mortgages
have much higher limits prior to altering the pricing.
- Available up to 4 million dollars.
- Construction, purchase, refinance or refinance with cash-out
O.K.
- We are the Alabama luxury home specialists!
Jumbo Mortgage" is a term for loans exceeding $333,700.00
for a single family residence. All lenders use this term to
define products offered above and beyond conforming loan limits
set by Fannie Mae.
Programs range from "Interest Only" Libor Loans
to Fixed Rate Mortgages. Each product has a unique advantage
to the homeowner so every option should be given the necessary
time for analysis.
|
