What is a Jumbo Loan?
There are many different types of mortgages available, and the one that’s right for you will depend on your unique circumstances. If you’re buying a home in an area where prices are high, you may need a Jumbo loan, which is a mortgage that exceeds the limit set by the Federal Housing Finance Agency (FHFA).
Qualify for up to $3,000,000
Jumbo loans are available in a variety of terms, and they can be either fixed-rate or adjustable-rate loans. At this time, Agora Lending is offering 20, 25 and 30-year fixed or 5, 7 or 10-year adjustable rate jumbo loans. However, Jumbo loans have stricter requirements than other types of mortgages. To qualify for a Jumbo loan, you’ll need to meet very specific property type, down payment, credit score and debt-to-income ratio requirements.
We want to make the process as smooth and stress-free as possible for you since buying a home is one of the most important decisions you’ll ever make. We know that every borrower is different, so we offer a variety of loan products to choose from. And our team of experts are always here to help guide you through the process – from start to finish.
Don’t know which loan is right for you? Agora’s team of trusted loan officers are here to help. Please complete the form and we will get back with you within 24hrs. We’re sure we have something that’s right for you.