Gainesville Jumbo Loans

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Sometimes, the perfect homes are extremely large, luxurious and unfortunately more than we are able to pay cash. Why? Because obtaining a Gainesville mortgage loan of that size is somewhat difficult. Or is it? Are you aware that Gainesville Florida jumbo mortgages allow you to obtain your ideal home; regardless of how expensive it may be or seem? If not, don’t worry as we are outlining how below.

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What is a Gainesville Jumbo Mortgage?

Basically, a Gainesville Florida jumbo loan is just a mortgage which is larger than your average mortgage. Normal sized home loans are capped at a agency conforming size of roughly $417,000. With that being said, jumbo home mortgages increase that amount and go up to over $3,000,000.

Why Request a Gainesville Jumbo Mortgage Loan?

The real question pertains to why a Gainesville jumbo loan should be requested. The answer, because you can. If you want to obtain an expensive property, and a conforming mortgage loan won’t do the trick, then your goal is to acquire a jumbo loan instead. After all, nobody would want to let their ideal property out of their grasps.

Basic Requirements for Gainesville FL Jumbo Loans

While Gainesville jumbo mortgages may sound like a the ideal fit, there are some requirements that need to be met. With jumbo mortgages, you need to:

Put down at least 20%
Provide full documentation of your income
Ensure that your mortgage loan payments are less than or equal to 38% of your gross income.

How to go about getting a Gainesville jumbo mortgage loan

If you want to acquire a jumbo loan, all you have to do is ask your mortgage lender for one. They should be able to guide you through obtaining a jumbo mortgage and assist you in getting the property of your dream. It really is that simple.

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

First Nationwide Lending offers home owners, and those look to refinance, a variety of different financial options, including, but not limited to: purchase mortgages, refinance loans, reverse mortgage loans, USDA loans, FHA home loans, jumbo mortgage loans, HARP refinance mortgages, and VA loans.

 

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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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