Jumbo Mortgage

jumbo

What is a Jumbo Mortgage?

Properties with values ranging from $453,100 to $2.5MM.

Who should consider a Jumbo loan?

A client that is looking for a direct lender for their loan.
Clients wanting Flexible programs and options for executive mortgages.
Clients looking to acquire fixed-rate and adjustable-rate options and repayment terms up to 30 years, making monthly payments easier to manage.
Eliminate PMI (Private Mortgage Insurance) with a first and second loan.
Pre-approval is required.

Loan amounts above the maximum limit established by Fannie Mae and Freddie Mac (currently $453,100) are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale, the rates are often times a little higher than the conventional conforming interest rates.
Bank of England Mortgage rates are exceptional in the jumbo arena. If you are interested in obtaining more information about our jumbo products and rates, contact us immediately and we will answer any questions you may have.