Jumbo Loan Programs


Loan packages of all types have specific criteria that must be met in order for a borrower to purchase a home or other property.  Jumbo loans are no exception.  Such loans are made available to prospective buyers if the loan itself exceeds the conforming and conforming high-balance limits as set forth by government-sponsored enterprises (GSEs), namely Fannie Mae and Freddie Mac.

Technically-speaking, any loan that does not meet the strict limits/guidelines of GSEs is considered a non-conforming loan, but a loan that does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan.

Key Stats:
      •  The current conforming loan limit for a single-family home is $417,000 for all states (except Hawaii and Alaska, where it is $625,500).
      •  In certain federally-designated high-priced markets within the continental U.S., conforming high-balance limits range from $417,001 to $625,500, and in                similar markets in Hawaii, range from $625,501 to $721,050.
      •  Jumbo loans are available for primary residences, second homes, vacation homes, or investment properties, and are also available in a variety of terms                      (including fixed-rate or adjustable-rate).
      •  Jumbo loans typically have higher interest rates than both conforming and conforming high-balance home loans and may also carry stricter underwriting                and larger down payment requirements.

When your loan amount exceeds the conforming loan high balance loan limits, have no fear, Resolution Funding is here.  We offer a wide variety of jumbo loan programs at very attractive rates and terms to help you find the perfect property at the perfect price. 

For more information about Jumbo Loans or to receive an accurate quote, please contact us today.  To see if you’re pre-qualified, feel free to complete our secure online loan application.