Jumbo Mortgage for ALL types of homes!

Needing a High balance, jumbo mortgage, 1st choice mortgage is your place!

refinance or purchase we are your highly experienced mortgage lender!

Purchase a Home Qualifier  Refinance a Home Qualifier

Jumbo & High Balance Mortgages

Jumbo Home Loans for Purchase

Jumbo purchase loans are for any loan amount over $548,250 in Idaho.

  • Minimum FICO Score: 680
  • Minimum Down Payment Primary/2nd home:  11% or up to 89.99% Loan to Value
  • Minimum Down Payment Investment:  20% or up to 80% Loan to Value
  • Super Competitive Rates
  • Loans amounts:  $548,250 to $2.0 Million
  • Occupancy:  Primary, 2nd Home & Investment Properties
  • Mortgage Insurance:  ZIP, None, NADA 
  • Fast Closings:  Typicall 25 days or LESS

 

Jumbo Home Loans for Rate & Term Refinance

Jumbo refinance loans are for any loan amount over $548,250 in Idaho.

  • Minimum FICO Score: 680
  • Maximum loan amount:  $2.0 Million
  • Maximum loan to value:  Primary 89.99%, 2nd home 80%, Investment 75%
  • Super Competitive Rates
  • Loans amounts:  $548,250 to $2.0 Million
  • Occupancy:  Primary, 2nd Home & Investment Properties
  • Mortgage Insurance:  ZIP, None, NADA 
  • Fast Closings:  Typicall 25 days or LESS

 

Jumbo Home Loans for Cash Out Refinance

Jumbo refinance loans are for any loan amount over $548,250 in Idaho.

  • Minimum FICO Score: 680
  • Maximum loan amount:  $2.0 Million
  • Maximum loan to value:  Primary 89.99%, 2nd home 75%, Investment 75%
  • Super Competitive Rates
  • Loans amounts:  $548,250 to $2.0 Million
  • Occupancy:  Primary, 2nd Home & Investment Properties
  • Mortgage Insurance:  ZIP, None, NADA 
  • Fast Closings:  Typicall 25 days or LESS

 

Jumbo and High Balance Mortgages

For the State of Idaho, in most Counties, Fannie Mae and Freddie Mac limit the amount a mortgage loan can be.  They adjust these numbers each year, typically around February, based on Consumer Price Index and Average Medium Income.  For borrowers that need to go above this loan limit, lender offer Jumbo or High Balances Mortgages.  These typically require a litte more down, anywhere from 11% to 20%, and the rate are typically high than conventional loans.  Jumbo mortgage underwriting guidelines are also typically tighter, with requirement for high FICO scores and money in reserve.  Money in reserve can be a combination of checking, savings, stocks, bonds, IRA, and in some instances company 401K.  Have additianal question, call a Professional Mortgage Broker today, we can answer all of your Jumbo & High Balance mortgage questions.

Answer a few SIMPLE Questions and experience why we are ALWAYS the 1st Choice in Idaho!

Purchase a Home Qualifier Refinance a Home Qualifier





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