Fort Lauderdale Jumbo Loans

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Every now and then, the perfect homes are huge, luxurious and unfortunately cost a lot more than we are able to afford. Why? Because obtaining a Fort Lauderdale home loan of that magnitude is somewhat difficult. Or is it? Are you aware that Fort Lauderdale Florida jumbo mortgage loans allow you get your dream home; regardless of how much it costs? If not, don’t worry as First Nationwide Lending is detailing how below.

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What is a Fort Lauderdale FL Jumbo Mortgage?

Basically, a Fort Lauderdale Florida jumbo mortgage loan is just your larger than average home loan. Regular home loans are restricted to agency conforming size of roughly $417,000. With that being said, jumbo mortgages increase that amount and go up to over $3,000,000.

Why Obtain a Fort Lauderdale Jumbo Home loan?

The thing to consider is why a Fort Lauderdale jumbo mortgage loan should be requested. The simple explanation, because you can. If your trying to purchase a large home, and a regular home loan won’t do the trick, then your goal is to acquire a jumbo mortgage loan instead. After all, nobody wants to let their ideal home out of their grasps.

Basic Necessities for Fort Lauderdale FL Jumbo Mortgage Loans

While Fort Lauderdale jumbo loans sound like a dream come true, there are always a number of requirements that need to be met. With jumbo loans, you need to:

Make a down payment of at least 20%
Document your income
Ensure that your mortgage loan payments are lower than or equal to 38% of your untaxed income.

How to get a Fort Lauderdale jumbo mortgage

If you are trying to acquire a jumbo mortgage loan, all you have to do is request one from your local lender. They will guide you through the process of acquisition and assist you in getting the home of your dream. It really is that simple.

If you would like more information on Fort Lauderdale FL jumbo mortgage loans, please contact us at (877) 442-4023. First Nationwide Lending will be extremely happy to answer as many questions or concerns as you have about jumbo loans, or any other mortgage loans 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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