Who is right for a Jumbo Loan?
Jumbo loans are built for those with a big budget and big dreams. Although the standards for qualifying for a Jumbo loan are more rigorous than other options, it sure beats paying for your home in cash!
You'll need a loan that is above conventional limits.
You can afford to put at least 10% down.
You have a
great credit score.
You're looking to get some cash out of your home.
This is a primary, 2nd, or investment home.
Find the right
loan for you.
Here at Triumph Lending, we believe it’s not the right home if it’s not the right loan. We’re never going to let you get in to a mortgage that you can’t handle. Our loan officers are trained financial professionals who’s mission it is to guide you to the right product for your financial situation, and our compensation plans eliminate incentives that may cause other companies to lead you in to higher cost loans.
First time buyer?
Learn the basics.
Buying a home but feeling a bit overwhelmed? We know how it goes. At Network Funding, we want you to feel confident in your mortgage decisions – after all, this is one of the biggest purchases of your life! That’s why we’ve created a suite of educational resources for your benefit!
The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you’re just curious what you may be eligible for, just ask us!
Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.
For the information discussed on this page, we’re assuming the following: $1,000,000 purchase. $900,000 loan amount. $4627 P&I. 4.625%(4.669% APR). 761 FICO.
WHAT ARE THE LOAN AMOUNT LIMITS FOR JUMBO LOANS?
Network Funding offers Jumbo financing up to $1.5M but will make exceptions up to $2M.
WHEN IS IT BEST TO PUT MORE THAN THE MINIMUM DOWN ON A JUMBO LOAN?
This will really depend on your exact file. Network Funding offers a lot of different Jumbo loan programs, so depending on your situation putting more down may or may not improve the terms of your loan.
CAN I PURCHASE A VACATION OR INVESTMENT HOME WITH A JUMBO LOAN?
Yes. Network Funding is pleased to offer several Jumbo loan solutions for both vacation homes and investment properties.