Pembroke Pines Jumbo Loans

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Sometimes, the perfect homes are huge, luxurious and unfortunately cost a lot more than we can afford. Why? Because obtaining a Pembroke Pines home loan of that size is somewhat difficult. Or is it? Did you know that Pembroke Pines Florida jumbo loans allow you get your dream home; regardless of how expensive it may be or seem? If not, that’s ok as we are detailing it below.

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What is a Pembroke Pines Jumbo Mortgage?

In essence, a Pembroke Pines Florida jumbo mortgage loan is just a mortgage which is larger than your average mortgage. Normal sized home loans are capped at a state-conformed size of $417,000. However, jumbo mortgages increase that amount and go up to over $3,000,000.

Why Request a Pembroke Pines Jumbo Mortgage Loan?

The thing to consider is why a Pembroke Pines jumbo mortgage loan should even be sought. The simple explanation, because why not. If you want to buy an expensive home, and a regular home loan just won’t do, then you can acquire a jumbo mortgage loan instead. After all, nobody would want to let their dream home out of their grasps.

Basic Necessities for Pembroke Pines FL Jumbo Mortgages

Even though Pembroke Pines jumbo loans may sound like a the ideal fit, there are always a number of requirements that need to be met. With jumbo loans, 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 gross income.

How to go about getting a Pembroke Pines jumbo loan

If you want to acquire a jumbo mortgage loan, all you have 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’s that easy.

If you require more information on Pembroke Pines FL jumbo loans, feel free to contact us at (877) 442-4023. First Nationwide Lending will be extremely happy to provide answers to as many questions as you have about jumbo loans, or any other loan program for that matter.

 

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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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