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Tel: (651) 552-3681
Email: joe@twincityhomeloans.comHome Purchase - Home Refinance
Serving MN WI IA ND SD
Jumbo Loans (over $484,350)
Any home loan in Minnesota, Wisconsin, or South Dakota that will be over the current conforming loan limit of $484,350 is considered a Jumbo Mortgage Loan. The limit may be higher in other states
This really means that it no longer fits the acceptable loan limits for a Fannie Mae or Freddie Mac conventional loan program, and are also known as non-conforming loans.
This also means the guidelines change for these large loans. The two biggest changes over a conforming loan, is jumbo loans have larger down payment requirements, and also have stricter credit score requirements. Current interest rates are similar to conventional loans.
Serving all of MN, IA, ND, SD and WI since 1991
Address
33 Wentworth Ave E, West St Paul, MN 55118
(651) 552-3681
joe@twincityhomeloans.comLicense Info
Cambria Mortgage NMLS# 322798. Equal Housing Lender. We lend in the following states: Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. The information here may not be up-to-date and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. © 1998 - 2023, Joe Metzler, NMLS 274132
