At the luxury end of the home market, purchasers seek out Super Jumbo Mortgage programs to help buy their dream home.

Super Jumbo Mortgage programs are much more complicated than standard conforming mortgages. It is absolutely vital that you seek expert advice in the first instance. Total Mortgage has experienced Super Jumbo Mortgage program advisers available for consultation. Call 877-868-2503 for more information and today's rates.

Super Jumbo Mortgage Programs Specifics

Super Jumbo Mortgage programs involve loan amounts above the standard conforming limit and the amount that defines a Jumbo Mortgage program. The conforming limit is defined by the maximum loan amount available for purchase by the federally charted organizations that procure mortgage securities. The current conforming limit is $417,000. Unlike conforming loans, Super Jumbo Mortgage programs are not regulated by the two main charted agencies, Fannie Mae and Freddie Mac. Therefore, each particular lender normally defines the exact dollar amount of what constitutes Super Jumbo Mortgage programs internally. Super Jumbo Mortgages start at a loan amount over $1,000,000 and can extend to a maximum of $10,000,000.

Super Jumbo Mortgage Program Options

Risk to mortgage lenders is normally proportionate with the size of the loan. Therefore, Super Jumbo Mortgage programs have a high-risk association for both investor and mortgagee. However, just because Super Jumbo Mortgage programs are weighted as a higher risk doesn’t mean that they need to be totally inflexible. There are numerous options to consider with your mortgage advisor to ensure you get the right rate, cash flow and tax benefits, and the term of the loan fits your individual circumstances.

Super Jumbo Loan Advice

Our Total Mortgage Services advisors will skillfully guide you through the mortgage process, step by step. Every variable will be analyzed and discussed with you. As a company, we have a policy of being upfront and honest. We always deliver as promised!

Get expert advice on Super Jumbo Mortgage programs!

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