• Tel: 602-741-8414
    Email: Kari.Zurn@AcademyMortgage.com

  • Jumbo Loan

     

    A Jumbo Mortgage is any single loan amount over the conforming loan limit set by Fannie Mae and Freddie Mac, which is currently $417,000 for a one-unit property in most parts of the United States including Arizona.

    Conforming limits will be higher in areas of the country with more expensive housing; for example, the conforming limit is $625,000 in Alaska, Hawaii and some areas of California and New York.

    RedStone Mortgage specializes in financing Jumbo Mortgages up to $2 million.*

    Benefits:

    • No private mortgage insurance is required with a 10% down payment

    Who May Benefit From A Jumbo Mortgage:

    Jumbo mortgages are primarily designed for buyers who are able to afford a luxory home and higher monthly payments, yet may not have the savings to make a large down payment.

    *Loan sizes affect down payment requirements

    CLICK HERE to begin the prequalification application