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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:
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.
Q: How do jumbo mortgage rates compare to conventional loans?
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.
Q: Are the qualification criteria for jumbo loans stricter than for other loans?
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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