What You Need To Know About Jumbo Mortgage

As the name implies, a jumbo loan covers a larger-than-normal loan amount. Jumbo loans can be used for primary homes, investment properties and vacation homes. If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don’t have enough funds to bring the jumbo loan amount under the conforming limit, a jumbo loan might be the right option for you. Get more information about jumbo mortgages.

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