A jumbo loan is a type of mortgage that surpasses the usual limits set for conforming or conventional loans. These limits, known as the conforming loan limits, are the maximum amounts that certain mortgage agencies are willing to purchase from lenders. Fannie Mae and Freddie Mac, the two government-sponsored enterprises that buy most U.S. residential mortgages, set these limits. While these restrictions are standard for many loans, at Thrive Mortgage, LLC, we're committed to helping you secure the jumbo loans you need.
Given their substantial size, jumbo loans require borrowers to demonstrate a high level of financial stability and responsibility. It's crucial for borrowers to have a low debt-to-income ratio to show lenders their capability to manage monthly payments, including principal, taxes, interest, and insurance. With our team by your side, you can rest assured that we'll help you find the jumbo loan that best suits your financial circumstances.
All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.
Cat Totty Home Loans
NMLS #: 919528 | Branch NMLS #: 268552 | 4819 Williams Dr, Georgetown, TX 78633 | State License: TX, ID, WA, UT #13325502 | Licensed by The Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. All loans are subject to underwriting or investor approval. Not an offer of credit or a commitment to lend. Equal Housing Opportunity
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