Jumbo Loans and Super Jumbo loans in Texas.
Jumbo loans are mortgages that are over the conforming industry standard or what is know as the conforming loan limit. Currently starting at $417,000 and may be higher in some geographical areas to $650,000 and for a Super Jumbo an amount over $650,000.
These loans are bought and sold on a smaller scale. They often require a larger down payment percentage and carry a larger credit risk for the lender so the interest rate is typically higher than a conforming loan that is under the conforming loan limit.
These special loan programs have a number of different terms available for them. Including 15 year, 20 year and 30 year terms. Jumbo loans and Super jumbo loans can be fixed rate mortgages or adjustable rate mortgages and have a range of terms to accommodate short and long range financial plans.
Jumbo loans and Super Jumbo loans with less than a 20% down payment require PMI (Private Mortgage Insurance). Please see our Private Mortgage Insurance page and our PMI calculator for more info.
Currently we offer the following Jumbo Loans:
- 30 Year Fixed
- 30/10 Fixed Interest Only
- 15 Year Fixed
- 3/1 ARM
- 5/1 Libor ARM
- 5/1 ARM Interest Only
We are an Independent Mortgage Broker and have many lenders that we can shop for the best jumbo rates for you. For Jumbo Loan Rates Please contact us for we can give you a personalized quote!
Equal Housing Lender 