Aventura Jumbo Loans

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Every now and then, dream homes are huge, luxurious and unfortunately cost a lot more than we can afford. Why? Because acquiring a Aventura mortgage loan of that magnitude is somewhat difficult. Or is it? Are you aware that Aventura Florida jumbo mortgage loans allow you to obtain your expensive home; regardless of how much it costs? If not, that’s ok as First Nationwide Lending is detailing how below.

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What is a Aventura FL Jumbo Mortgage Loan?

In essence, a Aventura Florida jumbo mortgage loan is just a loan which is larger than your average loan. Normal sized mortgages are capped at a agency conforming size of roughly $417,000. However, jumbo mortgages increase that limit and go up to over $3,000,000.

Why Request a Aventura Jumbo Mortgage?

The thing to consider is why a Aventura jumbo mortgage loan should be requested. The answer, because why not. If you want to purchase a large home, and a regular mortgage loan won’t do the trick, then you can obtain a jumbo mortgage loan instead. In theory, nobody wants to let their ideal home out of their grasps.

Basic Requirements for Aventura FL Jumbo Mortgages

While Aventura jumbo loans sound like a dream come true, there are always a number of requirements to meet. With jumbo loans, you need to:

Make a down payment of at least 20%
Have your income documented
Make sure that your mortgage loan payments are lower than or equivalent to 38% of your pretax income.

How to go about obtaining a Aventura jumbo mortgage

If you are trying to obtain a jumbo mortgage loan, all you have to do is ask your mortgage company for one. They will guide you through obtaining a jumbo mortgage and help you in getting the home you’ve always wanted. It really is that simple.

If you require more information on Aventura FL jumbo mortgage loans, please contact us at (877) 442-4023. We will be more than happy to answer as many questions or concerns as you have about jumbo loans, or any other mortgage for that matter.

 

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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