I Want to Buy a High-End Home
Jumbo Loans Made Simple with Granite Bank
Jumbo loans are designed for buyers seeking to finance higher-priced properties, making it easier to secure the home of your dreams:
Larger Loan Amounts for Expensive Homes: Jumbo loans are perfect for properties that exceed the conforming loan limit, often financing homes worth over $726,200.
Stronger Financial Standing Needed: Borrowers typically need excellent credit, a larger down payment (10-20%), and a solid financial reserve to qualify for a jumbo loan.
Flexibility in Loan Options: Jumbo loans come in both fixed-rate and adjustable-rate options, so you can choose the structure that fits your financial goals.
Competitive Interest Rates: While jumbo loans can have slightly higher rates compared to conforming loans, they still provide competitive options for qualified buyers.
How Do I Finance It?
That’s where we come in. At Granite Bank, we help you secure up to $3.0 million with personalized guidance. We evaluate your credit, down payment, and property location to help you navigate the jumbo loan process. We’ll walk you through all available options to ensure you find the perfect fit.
Affordable Jumbo Financing:
- Conforming Plus: For loans slightly above the conforming limit, some lenders offer slightly higher limits with similar
underwriting to conforming loans. - Portfolio Loans: Originated and held by individual banks, offering more flexibility but potentially higher rates.
- High-Balance Conforming Loans: Available in certain high-cost areas, allowing for slightly higher loan amounts with
conforming loan guidelines.
Who Should Consider a Jumbo Loan?
- Buyers purchasing high-priced homes in expensive markets.
- Borrowers with excellent credit and strong financial profiles.
- Those seeking the flexibility of larger loan amounts.
Disclaimer: This is a general overview and not financial advice. Consult with a qualified mortgage professional for personalized guidance based on your individual circumstances.
