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 obtaining a Aventura mortgage of that size is somewhat difficult. Or is it? Are you aware that Aventura Florida jumbo mortgages help you get your expensive home; regardless of how expensive it may be or seem? If not, don’t worry as First Nationwide Lending is detailing how below.

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What is a Aventura FL Jumbo Mortgage Loan?

Basically, a Aventura Florida jumbo loan is just a mortgage loan which is larger than your average loan. Normal sized mortgages are restricted to agency conforming size of roughly $417,000. However, jumbo home mortgages increase above and beyond that amount and go up to over $3,000,000.

Why Obtain a Aventura Jumbo Mortgage Loan?

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

Basic Requirements for Aventura FL Jumbo Mortgages

While Aventura jumbo mortgages may sound like a the ideal fit, there are always a number of requirements that need to be met. With jumbo mortgages, you need to:

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

How to go about obtaining a Aventura jumbo loan

If you want to obtain a jumbo loan, all you need to do is request one from your local mortgage lender. 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 mortgages, feel free to contact us at (877) 442-4023. First Nationwide Lending will be extremely happy to provide answers to as many questions as you have about jumbo mortgages, 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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