The Advantages of a Jumbo Loan
- Interest rates for jumbo loans are typically lower than conventional loans.
- Purchase a home with as little as 20% down.
- Jumbo loans are available for primary homes and second homes, located on up to 40 acres.
- Veterans and service members who qualify for a jumbo VA loan can often buy a home with a much lower down payment compared to other loans.
The Benefits of Getting a Loan from Quicken Loans
- You get a completely online application with less paperwork.
- Home Loan Experts are available via chat, email and phone to help you get the jumbo loan that’s right for you.
- We don’t charge you to make your mortgage payments online.
- No prepayment penalties if you pay off your loan early.
How It Works
The Different Types of Jumbo Loans
- We offer fixed interest rates on our jumbo loans.
- Jumbo loans are available for both one and two unit properties.
How Jumbo Loans Work
- Jumbo loans are also called nonconforming loans because they’re over conventional loan limits.
- In most of the country, the 2020 conventional loan limit is $510,400. The limit is higher in areas where housing is more expensive and in Alaska and Hawaii.
- For buying a home or refinancing a home, we finance jumbo loans up to $2,000,000.
Ready to apply? Call (800) 251-9080 or use the form below.
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