JUMBO MORTGAGE LOANS IN THE CAROLINAS & FLORIDA

BUYING A HIGHER-PRICED HOME? A JUMBO MORTGAGE MAY HELP YOU FINANCE A PROPERTY WHEN THE LOAN AMOUNT EXCEEDS CONFORMING LOAN LIMITS.

THE PRACTICAL MORTGAGE SOLUTION HELPS QUALIFIED BUYERS EXPLORE JUMBO LOAN OPTIONS ACROSS SOUTH CAROLINA, NORTH CAROLINA AND FLORIDA. WHETHER YOU'RE BUYING A LUXURY HOME, A HIGH-VALUE PROPERTY OR SIMPLY NEED A LARGER LOAN AMOUNT, WE'LL HELP YOU FIND A MORTGAGE OPTION THAT MAKES PRACTICAL SENSE.

WHAT IS A JUMBO MORTGAGE LOAN?

A JUMBO LOAN IS A MORTGAGE USED WHEN THE LOAN AMOUNT EXCEEDS THE CONFORMING LOAN LIMITS SET FOR MORTGAGES ELIGIBLE FOR PURCHASE BY FANNIE MAE AND FREDDIE MAC. IN SIMPLE TERMS? YOU'RE BORROWING MORE THAN A STANDARD CONFORMING MORTGAGE ALLOWS.

JUMBO LOANS MAY REQUIRE STRONGER CREDIT, ADDITIONAL FINANCIAL DOCUMENTATION AND MORE CASH RESERVES, BUT THEY CAN PROVIDE QUALIFIED BUYERS WITH FINANCING FOR HIGHER-VALUE HOMES.