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Big Dreams Deserve Bigger Loans
Jumbo Mortgage Products
Purchasing a high-value home can be challenging when traditional loan limits are not sufficient. Premier Point Mortgage offers various Jumbo Mortgage Loans to help qualified borrowers finance luxury properties and homes in competitive markets. Our Jumbo loan options are designed to provide flexible terms, competitive rates, and personalized solutions for borrowers seeking homes above conventional conforming loan limits.
Whether you are upgrading to a larger property, purchasing a second home, or investing in a premium property, our Jumbo loans make it possible to achieve your goals with confidence.
Program Highlights
Requires 700+ FICO
Large Loan Amounts
Variable Down Payment Options
Benefits of Jumbo Mortgage Loans
Jumbo Mortgage Loans offer a range of benefits for borrowers seeking to purchase high-value or luxury properties. They provide access to larger loan amounts, making it possible to secure homes in competitive or high-demand markets. With flexible underwriting, our multiple Jumbo programs accommodate a variety of borrower needs, including self-employed individuals and those with non-traditional income documentation.
Even more to know...
Fixed rate options allow for predictable monthly payments over the life of the loan, while portfolio lending options, where some loans are held in-house, provide additional flexibility for unique situations. Additionally, Jumbo loans offer significant investment potential, enabling investors to expand their real estate portfolios with larger properties.
Types of Down Payment Assistance
Forgivable Loans
Typically zero percent interest and forgiven after you have lived in the home for a set number of years, such as five to ten.
Deferred Payment Loans
No payments are due until you sell or refinance the home. This option is great if you are tight on cash now but expect equity growth later.
Matched Savings Programs
You save a set amount, and the program matches it, sometimes dollar for dollar, to boost your down payment funds.
FAQ
Q: Are Jumbo Loans fixed rate or adjustable rate
A: Jumbo loans are available in both fixed and adjustable rate options. Borrowers can choose the best structure to match their financial goals and risk tolerance.
Q: Can I use a Jumbo Loan for investment properties
A: Yes, Jumbo loans can be used for primary residences, second homes, and investment properties including single-family homes, condominiums, and PUDs.
Q: How much down payment is required
A: Down payments for Jumbo loans typically range from 10 to 30 percent, depending on the borrower’s qualifications, property type, and loan program.
Q: What credit score is needed to qualify for a Jumbo Loan
A: Most Jumbo loan programs require a minimum FICO score of 700, though some programs may allow slightly lower scores depending on the borrower’s financial profile.
Let’s See What You Qualify For
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Premier Point Mortgage
NMLS #2184348
Discover leading properties and secure your dream home with us. Expert guidance and support at every step.
990 Raritan Rd. Clark, NJ 07066
Legal Statements
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
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