The “ins & outs” of Jumbo Financing

Did you know that jumbo loan rates have not increased as dramatically as conforming rates, meaning higher priced homes may be more affordable?

Any loan over $647,200 on a single-family home is considered a “jumbo” loan and Key Mortgage offers highly competitive rates on these specific loan types.

Downpayment requirements for jumbo loans can vary with options as low as 5% for qualified borrowers for an owner-occupied unit. For multi-unit properties, second homes, or vacation homes, the downpayment requirement increases to 10%.

Because of our relationships, Key Mortgage is able to offer your clients some of the best jumbo financing options in the market today. Reach out to a Key loan officer today to get today’s jumbo market rate and how we can save your client’s money.