Jumbo Loans

Think BIG with a Jumbo Loan

A jumbo loan, or non-conforming mortgage, allows you to purchase more expensive homes with a loan amount above the conforming limit set by the Federal Housing Finance Agency. In most areas of the country, the conventional conforming loan limit is $417,000; however, the limit is $625,500 in higher cost areas.

Jumbo Loan Highlights

If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don't have enough funds to bring the loan amount under the conforming limit, a jumbo loan might be the right option for you. Highlights of non-conforming loans include:

  • Finance a home over the maximum loan amount established by the Federal Housing Finance Agency
  • Higher purchase limits allow borrower to purchase more house
  • Convenience of one loan for the entire loan amount
  • Primary residence, second home or investment property
  • Fixed-rate or adjustable-rate mortgages (ARM)

If you are interested in a loan, please contact your local Fairway mortgage professional.

CONTACTS US

  • Mobile: (901) 240-0758
  • Email:cynthiab@fairwaymc.com
  • Office: (662) 429-5100 Ext.110
  • Fax: (662) 429-5620
  • 2220 Hwy 51 S., Hernando, MS 38632
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    Mississippi Licensed Mortgage Company Fairway NMLS #2289 Branch 240 Licensed AL, AR, FL & TN. 
    Main Branch Hernando MS


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