Hollywood Jumbo Loans

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Every now and then, the perfect homes are extremely large, lavish and unfortunately cost a lot more than we can afford. Why? Because acquiring a Hollywood mortgage of that magnitude is somewhat difficult. Or is it? Did you know that Hollywood Florida jumbo loans help you to obtain your expensive home; regardless of how expensive it may be or seem? If not, don’t worry as First Nationwide Lending is detailing it below.

Call for your Free Quote: (877) 442-4023

What is a Hollywood FL Jumbo Mortgage Loan?

Basically, a Hollywood Florida jumbo loan is just a loan which is larger than your average loan. Normal sized home loans are restricted to agency conforming size of $417,000. With that being said, jumbo loans increase that limit and go up to over $3,000,000.

Why Obtain a Hollywood Jumbo Mortgage?

The real question pertains to why a Hollywood jumbo loan should be requested. The answer, because why not. If your trying to buy a large home, and a regular mortgage won’t do the trick, then your goal is to acquire a jumbo loan instead. In theory, nobody wants to let their dream home out of their grasps.

Eligibility Requirements for Hollywood Florida Jumbo Mortgage Loans

Even though Hollywood jumbo loans sound like a dream come true, there are always a number of requirements to meet. With jumbo loans, you need to:

Make a down payment of at least 20%
Provide full documentation of your income
Make sure that your monthly mortgage payments are less than or equal to 38% of your gross income.

How to get a Hollywood jumbo loan

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

If you require more information on Hollywood Florida jumbo loans, feel free to contact us at (877) 442-4023. First Nationwide Lending will be extremely happy to answer as many questions 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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