A Jumbo Loan is a type of mortgage that exceeds the loan limits established by government-sponsored entities such as Fannie Mae and Freddie Mac. These loan limits vary by location and are typically above $472,030 (as of 2023). Jumbo Loans are designed for borrowers who need financing for properties that exceed these limits.
Before applying for a Jumbo Loan, it's important to gather the necessary documentation, such as income verification, asset information, and credit history, as lenders typically have stricter qualification requirements for these loans.
When it comes to purchasing or refinancing a high-value property, a Jumbo Loan can provide the financing solution you need. Contact us today to learn more and explore how a Jumbo Loan can help you achieve your real estate goals.
Alliance Mortgage Lending is a Mortgage Broker in San Clemente, we provide Jumbo Loans in all of California, including, but not limited to, these counties: Orange County, San Diego County, Los Angeles County, Riverside County, San Bernardino County, Alameda County, Contra Cost County, Marin County, Monterey County, Napa County, San Benito County, San Francisco County, San Mateo County, Santa Cruz County, Sonoma County and Ventura County.