Fort Lauderdale Jumbo Loans

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Sometimes, dream homes are huge, lavish and unfortunately more than we can afford. Why? Because obtaining a Fort Lauderdale mortgage of that size is somewhat difficult. Or is it? Did you know that Fort Lauderdale FL jumbo loans allow you to obtain your ideal home; regardless of how much it costs? If not, that’s ok as First Nationwide Lending is outlining it below.

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What is a Fort Lauderdale FL Jumbo Mortgage Loan?

In essence, a Fort Lauderdale FL jumbo loan is just a mortgage which is larger than your average loan. Normal sized home loans are capped at a state-conformed size of $417,000. However, jumbo mortgages increase above and beyond that limit and can increase to as high as $3,000,000.

Why Obtain a Fort Lauderdale Jumbo Mortgage Loan?

The real question pertains to why a Fort Lauderdale jumbo loan should even be sought. The answer, because you can. If you want to buy an expensive property, and a conforming mortgage won’t do the trick, then your goal is to acquire a jumbo loan instead. After all, nobody wants to let their ideal property slip form their fingers.

Basic Necessities for Fort Lauderdale Florida Jumbo Loans

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

Put down at least 20%
Have your income documented
Make sure that your monthly mortgage payments are less than or equal to 38% of your gross income.

How to go about getting a Fort Lauderdale jumbo loan

If you want to acquire a jumbo loan, all you need to do is request one from your local mortgage company. They will guide you through the process of acquisition and help you in getting the property you’ve always wanted. It really is that simple.

If you require more information on Fort Lauderdale Florida jumbo loans, feel free to contact us at (877) 442-4023. We will be more than happy to provide answers to as many questions as you have about jumbo loans, or any other mortgage for that matter.

 

Contact Us

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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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