Jumbo Loans - Financing for Luxury Properties

Jumbo loans are mortgages that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). They are designed for purchasing luxury homes and high-value properties.

Key Benefits

• Purchase luxury and high-value properties
• Loan amounts above conforming limits
• Competitive rates for qualified borrowers
• Flexible terms and repayment options

Qualification Requirements

• High Credit Score - A credit score of at least 700 is commonly required
• Low Debt-to-Income Ratio - Typically need a DTI lower than 45%, often closer to 36%
• Substantial Down Payment - Usually 10-20% down payment
• Cash Reserves Required - 6-12 months of mortgage payments in reserves

Contact Secure Choice Lending at (951) 733-8925 or info@securechoicelending.com. NMLS #1689518.