JUMBO
LOANS

Looking to learn more?

Reach out to an Essex Mortgage Professional. 

Looking to learn more? Talk to an Essex Mortgage Professional. 

WHAT IS A JUMBO LOAN?

Depending on your geographical location, conforming loans will only allow financing up to $510,400. A mortgage required for any amount greater will need what is known as a jumbo, or non-conforming, loan. These loans exist to help qualified buyers looking to buy homes in more expensive areas; areas where the average selling price of a home is much higher.

WHY GET A JUMBO LOAN?

  • ​​Loan amounts up to $3 million

  • Minimum credit score of 720 up to 90% LTV with no MI (on qualified loans)

  • Fixed and adjustable rates available

  • May also be used to finance a second or vacation home and investment property