Jumbo Home Loans
A Mortgage Option That Fits Your Home
Don’t let conventional loan limits keep you from finding financing for your dream home! Jumbo Loans with Allied First Bank offer borrowers mortgage options with multiple loan terms and higher loan limits, up to $3M in financing.
What is a Jumbo Loan?
Conventional mortgage options have guidelines surrounding maximum loan limits set by Fannie Mae and Freddie Mac. These loan limits can keep some borrowers from being able to find financing for their homes, even though they’re able to qualify. To serve borrowers who need higher loan limits, non-Agency lenders offer home loans called Jumbo Mortgages. These mortgages help borrowers in high-value or competitive areas purchase a home.
How Does a Jumbo Mortgage Work?
Jumbo Mortgages are similar to Conventional Mortgages but allow borrowers to finance more significant loan amounts than Conventional Mortgages. These loan amounts vary between states on a county level. Generally, the more expensive counties offer higher loan amount limits. If you’re curious about loan limits in your county, talk to one of our Senior Loan Originators today!
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Allied First Bank
3201 Orchard Rd.
Oswego, IL 60543