Jumbo Loans
Loans above the conforming limit.
Loan amount above $800,000
If you have good credit, but don’t have enough funds on hand to bring your home loan amount under the FHFA’s current conforming loan limit, a jumbo home loan might be the right option for you.
Conventional Loan
If you have good credit and a stable income, a conventional loan might be the right option for you, since conventional loan programs traditionally offer:
- Lower interest rates for borrowers with good or great credit
- Down payments range from 3% - 20%
- Fewer fees
- Flexible mortgage insurance options, if applicable (mortgage insurance not always necessary)