Purchase a large or expensive home with a jumbo mortgage

Jumbo Mortgage

Looking to purchase a large or expensive home? A standard mortgage loan might not cut it. Instead, explore using a Jumbo loan.

You can refinance or purchase homes that are over the conventional limit for mortgage, which is generally considered anything over $424,100, using a Jumbo mortgage. If you live in an area with higher costs overall, that limit can reach a higher amount, such as $600,000 or more. Be sure to check with a Midwest Equity Mortgage expert to determine the limits for a Jumbo loan in your area.

Because Jumbo loans are larger than regular mortgages, you might have a higher interest rate and pay more over the life of the loan. 

If you have a luxury home you'd like to refinance, or would like to purchase a home and think you'll need a Jumbo mortgage, contact a mortgage expert at Midwest Equity Mortgage, a division of Celebrity Home Loans, LLC today.

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