Jumbo Loans

Get financing for higher property values with a jumbo mortgage loan.

Jumbo Loans

If you have a higher property value and can manage larger monthly mortgage payments, consider a jumbo, or non-conforming, loan. A jumbo loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac.

Details

Features

  • A non-conforming loan with mortgage amounts above the maximum conforming loan limits.
  • Availability in a variety of fixed-rate and adjustable-rate loan options.
  • You may be able to add extra features such as interest-only payments or temporary buydowns.

Benefits

  • You can obtain financing for loan amounts up to $2 million.
  • Provides the convenience of one loan for the entire loan amount and the choice of a variety of loan options.

Considerations

  • Interest rates are usually slightly higher on jumbo mortgage loans than on conforming loans with lower loan amounts.
  • With the interest-only option, you cannot build equity through monthly interest-only payments without making voluntary principal payments during the interest only period.
Terms
Offering a choice between fixed or adjustable rates, our jumbo loans offer maximum flexibility for home financing on larger loans.
Apply Online

Applying for a First Bank mortgage is fast, easy, and secure. Before you begin, have the following information on hand:

Financial Information

  • Income
  • Assets
  • Expenses

Property Information

  • Estimated purchase price and down payment amount (if buying), or
  • Estimated property value and loan amount (if refinancing)
 
Loans subject to credit approval.

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