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Loans Up to $3 Million

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Understanding Jumbo Loans

A jumbo loan is a type of mortgage that exceeds the conforming loan limit established by the Federal Housing Finance Agency (FHFA). In Texas, the conforming loan limit for a single-family home is currently $726,200. If you’re looking to borrow more than this amount, a jumbo loan is your solution.

Eligibility Criteria for Jumbo Loans

Finding the right mortgage refinance rate or term can significantly impact your financial future. Explore our options:

Credit Score Requirements:

A minimum credit score of 680 is generally needed to qualify for a jumbo loan.

Down Payments:

Down payments typically start at 10% of the purchase price for jumbo loans.

Closing Costs:

You may need to consider financing 3-6% of your loan amount for closing costs.

Debt-to-Income Ratio:

Your debt should ideally not exceed 45% of your income to ensure a smooth qualification process

Credit Score Requirements:

A minimum credit score of 680 is generally needed to qualify for a jumbo loan.

Down Payments:

Down payments typically start at 10% of the purchase price for jumbo loans.

Closing Costs:

You may need to consider financing 3-6% of your loan amount for closing costs.

Debt-to-Income Ratio:

Your debt should ideally not exceed 45% of your income to ensure a smooth qualification process

All APRs are updated daily

Need Assistance?
If you’re unsure which option is best for your unique needs, contact one of our Mortgage Loan Officers at +1 281-639-9874

The Jumbo Loan Process with Green Arrow Mortgage

Refinancing your home with a jumbo mortgage is straightforward through our online application process. Our knowledgeable Mortgage Loan Officers are eager to assist you.

1

Quick Pre-Qualification:
Discover the rate that best fits your needs in just minutes—no stress involved!

2

Choose Your Loan:
Select the jumbo loan that aligns with your financial objectives and submit your application.

3

Receive Your Funds:
Upon approval, funds will be promptly deposited into your account.

Why Choose Green Arrow Mortgage for your Jumbo Loan?

Attractive Interest Rates:

Benefit from competitive rates that can lower your monthly payments.

Low Down Payment Options:

Secure your jumbo mortgage with a down payment as low as 10%.

No Private Mortgage Insurance (PMI):

Enjoy the freedom from PMI, irrespective of your down payment size.

Personalized Assistance:

Our dedicated Mortgage Loan Officers are here to guide you throughout the process.

FAQs

Q: What defines a jumbo loan?

A: Jumbo loans is a mortgage that exceeds the conforming loan limits set by the FHFA, allowing for financing amounts above standard thresholds.

A: Jumbo mortgage rates can vary based on several factors, including market conditions and borrower profiles. Reach out to us to explore options tailored to your needs.

A: Yes, jumbo loans typically require higher credit scores and more comprehensive financial documentation compared to conventional loans.

Get Started Today!

Ready to explore your
Jumbo Loan options?

Call +1(832)821-4441 to speak with our Mortgage Loan Officers or pre-qualify online now.

Learn More About Jumbo Loans

Thinking about a larger home purchase? Discover everything you need to know about Jumbo Loans and how they work in Texas.

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