Onward and Upward - with a Jumbo Loan!

What is a Jumbo loan?

The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. If a loan amount exceeds this limit – currently $726,200 for a single-family home and $1,089,300 in designated high-cost areas – then it is considered a Jumbo loan.

With the rising costs of homes across America, even some moderate homes are exceeding the conforming limits.  MiMutual Mortgage offers 9 different Jumbo Loan Programs to meet a variety of financial situations. These loans can be used to purchase or refinance primary residences, second homes and investment properties.

Want to know the conforming limits in your area? Click the link below:

FHFA map

  • Loan amounts up to $4 Million
  • Down payment as low as 10%
  • Minimum credit score 660-740
  • Purchase, rate/term refinance, and cash out refinance
  • Primary residence, second home, and investment properties