Fort Lauderdale Jumbo Loans

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Every now and then, dream homes are extremely large, luxurious and unfortunately more than we can pay cash. Why? Because obtaining a Fort Lauderdale home loan of that magnitude is virtually impossible. Or is it? Did you know that Fort Lauderdale FL jumbo mortgage loans allow you get your ideal home; regardless of how much it costs? If not, that’s ok as we are detailing how below.

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What is a Fort Lauderdale Jumbo Loan?

Basically, a Fort Lauderdale FL jumbo mortgage loan is just a mortgage which is larger than your average loan. Normal sized mortgages are restricted to agency conforming size of $417,000. With that being said, jumbo home mortgages increase above and beyond that amount and can increase to as high as $3,000,000.

Why Request 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 buy a huge home, and a regular home loan just won’t do, then you can obtain a jumbo mortgage loan instead. After all, nobody wants.

Basic Requirements for Fort Lauderdale FL Jumbo Mortgages

Even though Fort Lauderdale jumbo loans may sound like a the ideal fit, there are some requirements to meet. With jumbo loans, you need to:

Put down at least 20%
Document your income
Ensure that your monthly mortgage payments are lower than or equal to 38% of your gross income.

How to go about getting a Fort Lauderdale jumbo loan

If you want to obtain a jumbo mortgage loan, all you have to do is ask your mortgage lender for one. They will guide you through obtaining a jumbo mortgage and help you get the home you’ve always wanted. It’s that simple.

If you require more information on Fort Lauderdale FL jumbo mortgage loans, feel free to 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.

 

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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