Hollywood Jumbo Loans

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Every now and then, dream homes are huge, lavish and unfortunately more than we can afford. Why? Because obtaining a Hollywood home loan of that size is somewhat difficult. Or is it? Are you aware that Hollywood FL jumbo mortgage loans allow you to obtain your dream home; regardless of how expensive it may be or seem? If not, don’t worry as we are detailing it below.

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

What is a Hollywood FL Jumbo Mortgage?

In essence, a Hollywood FL jumbo mortgage is just your larger than average home loan. Normal sized home loans are capped at a state-conformed size of $417,000. With that being said, jumbo loans increase above and beyond that amount and can increase to as high as $3,000,000.

Why Obtain a Hollywood Jumbo Mortgage?

The thing to consider is, because you can. If you want to obtain a huge property, and a conforming home loan won’t do the trick, then your goal is to obtain a jumbo mortgage instead. After all, nobody would want to let their ideal property slip form their fingers.

Eligibility Requirements for Hollywood FL Jumbo Loans

Even though Hollywood jumbo mortgages may sound like a dream come true, there are some requirements to meet. With jumbo mortgages, you need to:

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

How to go about getting a Hollywood jumbo mortgage loan

If you want to obtain a jumbo mortgage, all you have to do is ask your mortgage lender for one. They should be able to guide you through the process of acquisition and help you in getting the property you’ve always wanted. It’s that easy.

If you require more information on Hollywood FL jumbo mortgage loans, feel free to contact us at (877) 442-4023. We will be extremely happy to provide answers to as many questions as you have about jumbo mortgages, or any other loan program 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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