Jumbo Mortgages
Looking to go big?
If you are shopping for a mortgage in a high-cost area or buying a large and expensive home, you may be looking for a jumbo loan. This is a loan amount that's too big to fit in conventional conforming loan limits. You may have also seen other names for a jumbo loan such as a non-conforming loan or a high balance mortgage.
Jumbo mortgages are loans that exceed the allowable loan limits set by the FHFA (Federal Housing Finance Agency). Currently, the maximum “conforming” loan amount is over $726,200 in most areas. Certain markets in our lending area qualify for a temporary increase in the conforming loan limit a/k/a conforming jumbo…ask your loan officer for details.
If you are in the market for a jumbo mortgage, it's essential to choose a lender with experience dealing with the special requirements of jumbo loans. The Corey Scott Team has that experience.
HarborOne Mortgage offers jumbo, non-conforming loan options in a variety of categories and our team is eager to help you quickly determine which one is right for you