Fort Worth Jumbo Home Loans
A jumbo mortgage is a home loan with an amount that exceeds conforming loan limits imposed by Fannie and Freddie Mac, the two government entities that guaranteed mortgages from lenders. In Fort Worth (Texas) the current Jumbo mortgage limits of the loan value is any loan greater than $417,000. So if you are buying a new home in Fort Worth and the loan value (sales price minus down payment) will be higher than $417,000 then you will be a candidate for a jumbo mortgage. The jumbo loan limit varies by state and in California it even varies by county. If you are seeking a jumbo mortgage in Fort Worth for your primary or secondary home, then give us a call today – we specialize in both jumbo loans and non-conventional mortgages in Texas. We understand the unique process behind home buying and working with your realtor to insure all facets of the loan are seamless from applicaton to closing.
Already have a jumbo mortgage and need to refinance? We can also help you with refinancing your existing loan. Jumbo borrowers may decide to refinance their homes in order to lower their monthly mortgage payments and save money. Another jumbo loan option is the jumbo adjustable rate mortgage or ARM. An ARM, including jumbo, or non-conforming ARMs, have mortgage rates that move and go up or down based on a specific index. With the high dollar amounts involved in jumbo loans, a seemingly small decrease in rate can lower monthly payments significantly.
- Over to $417,000 Loan Value
- Up to $1,000,000
- 80% LTV
- Subject to Investor Requirements
- Fixed Rate & Adjustable Rate Options
- Local Texas Customer Service
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About Fort Worth Jumbo Home Loans
Due to the fact that jumbo loans involve larger sums of money, the requirements needed to qualify are often much more strict than with a traditional mortgage. This can mean a larger down payment (at least 20%), proof of income over at least two years and documentation of assets. If you are preparing to apply for a Fort Worth, Texas jumbo loan, Lone Star Financing can provide the level of service you expect when purchasing your next home. At Lone Star Financing mortgage company We have the resources and knowledge to make the application process quick and easy, so turn to your local Fort Worth jumbo loans partner you can trust. Apply online for your jumbo loan or call us today to speak to one of our experienced jumbo mortgage experts.