Jumbo Loans

Jumbo Mortgage Financing from 1st State Mortgage

Our loan officers are experts in originating jumbo loans and will work closely with you to ensure the process is smooth and stress free.

What is a jumbo mortgage loan?

A jumbo loan is one where the loan amount is over the conventional limit. Because such a large amount is being borrowed lenders often charge slightly higher interest rates for these loans. That conventional loan limit varies based on your location and is higher in areas of the country with higher housing prices.

In 2022 the conventional loan limit for a one-unit property is*:

Contiguous Sates & DC: General - $647,200

*Limits can change for multi-family properties.

Your 1st State Mortgage Consultant can help you determine whether your property is in a high-cost area.

Request a jumbo loan rate quote today

At 1st State Mortgage we have both fixed rate and adjustable rate jumbo mortgage financing available. Give us a call today to learn what today's low jumbo mortgage rates are, and to get the process started. We can be reached at 833-838-7178, or if you prefer APPLY HERE ONLINE.

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

Texas Recovery Fund Notice:
Figure: 7 TAC §80.200(b) "Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.