Jumbo Loans with NOLA Lending Group
Secure Financing for Luxury Properties
Are you looking for financing options that go beyond standard loan limits? A jumbo loan might be the perfect solution for purchasing your dream home. At NOLA Lending Group, we specialize in offering personalized mortgage solutions, including jumbo mortgage loans, to help you secure the property you deserve.
Connect with NOLA Lending Group mortgage specialist, your partner in the homeownership journey. Let us help you achieve your goals with confidence and ease. Explore your jumbo loan and mortgage financing options.
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What is a Jumbo Loan?
A jumbo loan is a type of home mortgage designed for properties that exceed the lending limits set by the Federal Housing Finance Agency (FHFA) for conventional loans. Ideal for clients seeking a loan for a high-value property exceeding conforming loan limits.
Benefits of Choosing a Jumbo Loan
When you choose a jumbo loan with NOLA Lending Group, you unlock several advantages, including:
- Increased Loan Limits: Finance the property you want without worrying about standard loan caps. Up to $3 million.
- Flexible Options: Customize loan terms and interest rates based on your financial situation. 3/1, 5/1, 7/1, and 10/1 Adjustable Rate Mortgages may provide lower interest rates for the initial years.1
- Competitive Rates: We strive to offer the best rates in the industry for high-value homes. A choice of fixed-rate terms with no interest rate or principal and interest payment adjustments for the life of your loan.
- Expert Support: Our experienced mortgage lenders are here to guide you through every step of the process.
How Jumbo Loans Work
Because jumbo loans involve higher amounts and increased risk for lenders, the eligibility criteria are more stringent. Common requirements include:
- Credit Score: Typically, a higher credit score is needed compared to standard loans.
- Debt-to-Income Ratio (DTI): A lower DTI ratio is often required to demonstrate your ability to manage larger monthly payments.
- Down Payment: Larger down payments are customary, though some options allow for flexibility.
Who Should Consider a Jumbo Loan?
Whether you’re buying a luxury condo downtown or an expansive suburban estate, NOLA Lending Group offers jumbo mortgage loans tailored to your unique needs.
A jumbo loan is ideal if:
- You are purchasing a home in a high-cost area.
- Your dream property exceeds the limits of a conforming loan.
- You are financially prepared for higher monthly mortgage payments.
Why Choose NOLA Lending Group for Your Jumbo Mortgage Loan?
At NOLA Lending Group, we pride ourselves on being a trusted partner for homebuyers. Here’s why so many choose us for their mortgage needs:
- Local Expertise: Our mortgage specialists understand the unique aspects of the local market, ensuring you get the best guidance and support.
- Comprehensive Solutions: From jumbo loans to other mortgage products, we offer a wide range of options to suit your financial goals.
- Dedicated Service: Our team is committed to making your home-buying experience as seamless and stress-free as possible.
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1Interest rates may increase after consummation. Restrictions apply.
Loan limits for Jumbo loans vary based on location and are subject to change annually. For the most current loan limit information, please visit the Fannie Mae Loan Limits webpage. Interest rates may increase after consummation. Restrictions apply.
LENDING IN ALL STATES EXCEPT: KANSAS, MARYLAND, NEW JERSEY, AND NEW YORK