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JUMBO
LOANS

Looking to learn more?

Reach out to an Essex Mortgage Professional. 

House with large front yard during autumn.

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

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