You’re ready to buy a home but live in one of the nation’s priciest housing markets. Inventory is low. Demand is high. And homes routinely cost over $1 million will need a mortgage lender with access to a ton of Jumbo loans.
WHAT CAN YOU DO WHEN YOU LIVE IN A HIGH-PRICED AREA?
Get on the phone and talk to a lender about taking on a jumbo loan mortgage.
A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $510,000 – the limit for “conforming loans” supported by mortgage giants Fannie Mae and Freddie Mac. Non-conforming loans are any that exceed that funding limit will need access to jumbo loans.
In some high-priced markets, the minimum financing threshold starts at $679,650.
NRL MORTGAGE IS EXPANDING OUT JUMBO LOANS
NRL Mortgage has investors ready and willing to fund these types of loans, and a secondary marketing department creating jumbo options for a variety of localities and home buyer needs.
Let us know how we can help you with your home purchase in a high priced area.
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NMLS ID 181407
THIS IS NOT A LOAN APPROVAL
NRL Mortgage. NMLS ID# 181407 (www.nmlsconsumeraccess.org).
An approved equal housing lender. Equal Housing Opportunity. Fair Housing & Discrimination violations will be reported online to HUD’s local FHEO Regional Office or by calling the Fair Housing Complaint Hotline at 1-800-669-9777
Last Updated 9-26-2021