Posted by Vicky Chan
Ever heard of a Jumbo Loan and wondered what it is?
Well, if you’re in the market for a high-value property, this might just be the ticket to your dream home!
Here’s a quick rundown:
What is a Jumbo Loan?
A jumbo loan is a mortgage that’s bigger than the limits set by Fannie Mae and Freddie Mac. Loan amounts exceeding $766,550 in most areas! Jumbo-loans usually have flexible loan options, from fixed-rate to adjustable-rate mortgages.
Who Should Get a Jumbo Loan?
If you’re eyeing properties in high-cost areas or simply looking for a bigger, better home, and you have a strong credit score, a jumbo-loan could be your best bet.
Tips for Getting Approved:
Strong Credit Score: Aim for 700 or higher.
Low Debt-to-Income Ratio: can’t have too much debt or liabilities compared to conventional loan
Significant Down Payment: Typically 20% or more.
Getting a jumbo loan might seem daunting, but with the right guidance, it’s absolutely achievable! If you’re curious to learn more or see if you qualify, don’t hesitate to reach out. Let’s make those big dreams a reality!
Feel free to share or message us with any questions!
什麼是高額貸款?
在美國2024年，一般常規貸款限額是$766,550，而高額貸款則不在此限，可以透過高額貸款借更多錢來買房。
如果您心目中理想的房子價格比較高，超過百萬，而您又有很好的信用分數，也許高額貸款是個不錯的選擇。不過申請高額貸款有些要點:
* 信用分數最好在700分以上
* 首付通常要20%或以上
* 比起常規貸款，高額貸款要求更低的DTI (Debt to income ratio)
高額貸款的要求也比常規貸款更嚴格; 雖然高額貸款比較嚴格, 但只要有正確的指導，貸款通過絕對沒問題！
可以聯絡Plenti Mortgage 看看高額貸款是否適合您的情況。
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