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JUMBO Loan

What is a jumbo loan?

A Jumbo mortgage can help you get into the home of your dreams that just happens to come with a larger price tag. It is a non-conforming loan, which simply means that the amount you want to borrow is over $510,400 for a single family home (or $765,600 in high-cost areas). Depending on your needs, you can choose between a fixed-rate and an adjustable rate mortgage (ARM).

Can I qualify for a jumbo loan?

Because a Jumbo loan is not eligible for purchase by Fannie Mae or Freddie Mac, they must be sold on the secondary market. What does that mean for you? It means that they can have stricter credit score guidelines and may require larger down payments.

The minimum credit score depends on a variety of factors, so be sure to check with your Loan Officer about your specific situation.

How much is the down payment for a jumbo loan?

The down payment required depends on a variety of factors. Evesham Mortgage LLC has a variety of Jumbo loans for our borrowers that can fit almost any situation, so contact your loan officer for specifics.

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Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

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“Licensed by the NJ Department of Banking and Insurance, Pennsylvania Department of Banking and Securities, Florida Office of Financial Regulation.  NMLS #195400

© Copyright 2016 EVESHAM MORTGAGE. "Preparing you for generations to come."

103 Route 70 East. Suite 2

Marlton, NJ 08053

(856) 985-9944

NMLS     |     FAIR LENDER     |     FAIR HOUSING

“Licensed by the NJ Department of Banking and Insurance, Pennsylvania Department of Banking and Securities, Florida Office of Financial Regulation.  NMLS #195400

© Copyright 2016 EVESHAM MORTGAGE. "Preparing you for generations to come."