AmeriHome Jumbo Loans

AmeriHome Jumbo Loans

An AmeriHome Jumbo Loan is a type of mortgage used to finance properties that the Federal Housing Finance Agency (FHFA) or Federal Housing Administration (FHA) deem too expensive. Every year, both agencies set maximum loan amounts for conforming Conventional and FHA Loans based on location. If you want to purchase a home that exceeds your local limit, an AmeriHome Jumbo Mortgage, also known as a non-conforming loan, may be a good option for you.

AmeriHome Jumbo Loans:

• Offer a 30-year loan term with a fixed interest rate
• Are available for both purchase and refinance loans
• Are available for primary residence homes, vacation homes, and investment properties
• Have stricter qualification requirements than conforming loans (higher credit score, lower debt-to-income ratio, higher down payment amount, etc.)
• May have higher closing costs and more fees than conforming loans
• Are not backed by any government agency

An AmeriHome Jumbo Loan may be right for you if:

• You want to purchase a home above $500,000
• Your residual income is greater than $3,000 a month
• Your credit score is 720 or higher
• You have a significant amount of money for a down payment

With home prices on the rise, AmeriHome Jumbo Loans are a great option for borrowers across the country, so we strongly suggest you submit an application now if you think a Jumbo Mortgage may be right for you. In the meantime, if you have any questions about current Jumbo mortgage rates, Jumbo refinances, or Jumbo home loans in general, you can chat with our digital assistant, Lydia, or contact one of our Loan Officers today.