Jacksonville Jumbo Loans

apply-now-todaySometimes, dream homes are huge, luxurious and unfortunately more than we can afford. Why? Because acquiring a home loan of that size is virtually impossible. Or is it? Did you know that Jacksonville jumbo loans help you get your dream home; regardless of how expensive it may be or seem? If not, don’t worry as we are detailing it below.

What is a Jumbo Loan?
In essence, a jumbo loan is just your larger than average home loan. Regular home loans are capped at a state-conformed size of roughly $417,000. However, jumbo loans increase that limit and go up to over $3,000,000.

Why Supersize your Home loan?
The real question pertains to why a jumbo loan should even be sought. The answer, because you can. If you want to purchase a large home, and a regular home loan just won’t do, then you can acquire a jumbo loan instead. After all, nobody would want to let their dream home slip form their fingers.

Eligibility Requirements
While Jacksonville jumbo loans may 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%
Have your income documented
Ensure that your monthly mortgage payments are less than or equal to 38% of your untaxed income.

How to get a Jumbo Loan
If you want to acquire a jumbo loan, all you need to do is ask your lender for one. They will guide you through the process of acquisition and help you get the home of your dream. It really is that simple.

If you require more information on Jacksonville jumbo loans, feel free to contact us at (877) 442-4023. We will be more than happy to answer as many questions as you have about jumbo loans, or any other for that matter.

First Nationwide Lending offers a variety of financial loans in order to make home ownership a reality for anyone – we offer: purchase mortgages, refinance loans, FHA home loans, USDA mortgage loans, jumbo mortgage loans, HARP 2.0 mortgages, VA loans, and reverse mortgages.

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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