How a Jumbo loan can help you land your dream home

Published on October 21st, 2016

Has the time come for you to buy your dream home? That’s fantastic! Let vLoan help you score your dream home. We want the home buying process to be as easy as possible! With vLoan, you can get your mortgage digitally and achieve your financial goals with ease. If you found your dream home and need a loan over $417,000, the Jumbo loan could be the right loan product for you.

Have a home in mind that is of higher value?

No problem! The Jumbo loan is designed to finance your home purchase that is above the conforming limits of $417,000 that is set by Fannie Mae and Freddie Mac. Are you looking into refinancing your current Jumbo loan into a fixed-rate or adjustable-rate loan? Get a free rate quote to explore your refinancing options. Our average customer saves $3,240* a year on their mortgage. You’re Next.

Need a little bit of assistance with covering the cost of your new home?

The jumbo loan helps future homeowners by providing them the funds they may need to secure their new dream home. You may use a Jumbo home loan for your primary home, vacation home or investment properties. Rates for Jumbo loans are currently at historic lows.

Why the Jumbo loan could be the ideal mortgage loan for you

Research different loan products and compare them with your financial situation. Conventional fixed-rate mortgages are the most popular loan product, but you may be expected to put 20% down on your home as a down payment. Conventional fixed-rate mortgages have loan amount limits, so if you’re purchasing a high-value property, you may need to take out several different loans. The Jumbo allows you to just take out one home loan to cover the whole property. However, Jumbo home loans tend to have higher rates and monthly payments compared to Conventional fixed-rate mortgages. So, before you make the decision be sure to look over all of the options so that you are happy with your mortgage of choice and your dream home!

Don’t let the price tag of your dream home stop you from getting the loan product that best suites you! Get the process started early with a free online rate quote today or contact one of our mortgage advisors, we would love to speak with you!

Follow us on Facebook or Twitter to keep up to date with our monthly campaign #Boo-tifulHomes We will be sharing more mortgage advice and news to help educate you about the home buying and refinance process. Don’t do mortgages like your parents did. Do it digitally, with vLoan.

 

* Savings calculated by comparing previous total monthly housing payment to new total monthly housing payment for no-cash out refinance mortgages for Union Home Mortgage Corp. 2015 and 2016 closed loans with a 30 year term.

Are you ready to get your digital mortgage process started?

Want to compare your options before you get started?