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 2020 the conventional loan limit for a one-unit property is*:
- Contiguous Sates & DC: General - $510,400
*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.