620 E. 5th Ave.
Mount Dora, FL 32757

Jumbo/Non-conforming Home Loans

Jumbo loans are for people who need to borrower over $417,000.  A 10% to 20% down payment is typically required.
Some borrowers find it challenging to qualify for a mortgage given current agency (FHA, VA, USDA and conventional) guidelines.  This is when a non-conforming loan may be the solution.  Here are a few examples of when a non-conforming loan is used:

Jumbo and non-conforming loans typically require larger down payments and have higher interest rates than agency loans.