If you're in the market for a home near the high end of the market in Austin with a low down payment, a Jumbo Loan could be your best option.
A Jumbo Loan allows home buyers to exceed the "conforming" amounts for mortgage loans authorized by Fannie Mae and Freddie Mac. However, a Jumbo Loan can still let you find competitive interest rates for your Austin home.
Big Life Austin can help you find a Jumbo Loan that fits your financial needs and gets you into the home of your dreams in Austin.
A Jumbo Loan is one that allows a home buyer to take out a loan that exceeds the "conforming" principal limits as determined by the state of Texas and Fannie Mae and Freddie Mac.
In Texas, the "conforming" loan limit for a single-family home is $484,350. If you are looking for an Austin home that requires you to borrow more than the conforming limit, a Jumbo Loan could be your best option.
Some of the benefits of a Jumbo Loan include:
With the help of Big Life Austin, you can find the Jumbo Loan that meets your needs and allows you to secure the Austin, TX home you've been dreaming of.
When choosing between mortgage options, it's helpful to understand what a Jumbo Loan can offer you that's different than a conventional home loan.
With a traditional loan, you can expect:
With a Jumbo Loan, qualified applicants can receive some benefits, including:
Big Life Austin will help you determine the costs and benefits of a Jumbo Loan to find out whether it's the right mortgage option for you.
Finding and securing the perfect financing option for your home in Austin can be a challenge, but we're here for you.
With our team of professionals, you can rest assured that we help you find a Jumbo Loan that fits your financial needs. A Jumbo Loan can offer you the opportunity to get into the home of your dreams without excessive down payments or astronomical interest rates.
If you are looking to take out a loan that exceeds the "conforming" limit on lending, a Jumbo Loan is a great opportunity. Unlike a traditional mortgage, qualified applicants can take out a large loan with little down payments and competitive interest.
If you're interested in learning how we can go to work for you, contact us today.