973-650-2457
tmarinaro@betterwaymortgage.com
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Thomas Marinaro

NMLS ID 36152

973-650-2457 tmarinaro@betterwaymortgage.com

Jumbo Loans

Benefits of a Jumbo Mortgage Include:

A jumbo mortgage is any single loan amount over the conforming loan limit which is currently, in a non-high cost area, $510,400 for a one-unit property in most of the United States.

• allows the purchase of a more expensive home
• no private mortgage insurance (PMI) is required with a 20% down payment
• interest on loans up to $1 million may be tax deductible. Check with your tax consultant.

 

Conventional Jumbo Purchase and Refinance transactions

For borrowers looking to purchase or refinance a home with a mortgage amount that is greater than $510,400 (in a non-high cost area). Contact one of our licensed loan officers today to apply!