Home prices are rising in many areas. For large, expensive, or luxurious properties, you simply can’t get a regular mortgage. That’s when you need to consider a jumbo loan. If you have a low debt-to-income ratio and a high credit score, a jumbo loan can help you purchase a high-cost property with ease.
When you partner with Loan Cabin to take out a 7-year adjustable-rate home loan, you’ll get:
We’d all like to live in luxury homes, but not everyone qualifies for a jumbo loan. Make sure your credit score is high and your debt-to-income ratio is low.
Some properties exceed the limit offered by traditional loans, so if you’re looking on the high end, you’re going to have to consider your options—including jumbo loans.
A jumbo loan may make it harder to sell your property during the term of the loan, so it’s best to get one if you’re not planning to sell the home anytime soon.
Good news: either way, you can still get a jumbo loan. Jumbo mortgage loans are available in different options to meet your needs.