Pembroke Pines Jumbo Loans

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Sometimes, the perfect homes are extremely large, luxurious and unfortunately more than we are able to afford. Why? Because obtaining a Pembroke Pines home loan of that magnitude is somewhat difficult. Or is it? Did you know that Pembroke Pines Florida jumbo mortgages help you get your dream home; regardless of how much it costs? If not, don’t worry as First Nationwide Lending is outlining how below.

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What is a Pembroke Pines Jumbo Mortgage Loan?

Basically, a Pembroke Pines Florida jumbo loan is just a loan which is larger than your average mortgage. Regular home loans are restricted to agency conforming size of $417,000. However, jumbo home mortgages increase that amount and go up to over $3,000,000.

Why Request a Pembroke Pines Jumbo Home loan?

The real question pertains to why a Pembroke Pines jumbo loan should be requested. The simple explanation, because you can. If your trying to purchase a huge home, and a conforming home loan just won’t do, then you can obtain a jumbo loan instead. In theory, nobody wants to let their ideal home slip form their fingers.

Eligibility Requirements for Pembroke Pines Florida Jumbo Mortgage Loans

While Pembroke Pines jumbo mortgages may sound like a dream come true, there are some requirements that need to be met. With jumbo mortgages, you need to:

Put down at least 20%
Document your income
Ensure that your mortgage loan payments are lower than or equal to 38% of your pretax income.

How to go about obtaining a Pembroke Pines jumbo loan

If you want to obtain a jumbo loan, all you need to do is request one from your local lender. They should be able to guide you through the process of acquisition and assist you in getting the home you’ve always wanted. It really is that simple.

If you would like more information on Pembroke Pines Florida jumbo mortgages, please contact us at (877) 442-4023. We will be more than happy to provide answers to as many questions or concerns as you have about jumbo mortgages, or any other mortgage loans 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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