Jumbo Home Loans in Sacramento, CA

Understanding Home Loan & Mortgage Jumbo Loans

Jumbo Home Loans

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A Jumbo Mortgage is a mortgage with a loan amount above conventional loan limits established by Fannie Mae and Freddie Mac.

Current Fannie Mae and Freddie Mac jumbo loan limits are to $729,750 depending on the location of the property.

What’s a jumbo mortgage loan?

Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury home. If you have a lower debt-to-income ratio and a higher credit score, a jumbo loan may be right for you.

The limit on conforming loans is $424,100 in most areas of the country, but jumbo mortgages can exceed these limits. Even so, if you’re considering a home in a high-cost area, you may still be able to obtain a conforming fixed-rate mortgage or adjustable-rate mortgage for up to $636,150. FHA loans have limits up to $721,050. Contact a mortgage loan officer to learn more.


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Fixed Rate Benefits and Considerations

Higher purchase limits

Jumbo mortgages can exceed the conforming loan limit, currently $424,100 in most parts of the United States. Loan amounts from $424,100 up to $2.5 million

Competitive rates

Jumbo loan rates have reached historic lows in recent years, and the interest on loans up to $1 million may be tax-deductible.Footnote1


Finance up to 80% of the value of your home

Finance up to 80% of the value of your home

Primary Residence Options
Purchase, rate/term refinance, and cash-out refinance options for primary residences
Second Home Options
Purchase and rate/term refinance options for second homes

Fixed Rate Requirements and Qualifications

Credit History
  • Conventional loans are a good choice for borrowers with very good credit, which generally means a FICO score of 740 or higher. There are also established guidelines for income and other personal financial information.
Financial Strength
  • When applying for a jumbo mortgage, the maximum debt-to-income ratio for jumbo loans is 45 percent.
Property Appraisal
  • The property appraisal must support the purchase price for the home and the mortgage the borrower wants.
Eligible Property Types
  • 1-2 unit properties
  • Low/mid/high rise condos
Jumbo mortgages are a good solution for borrowers who are looking to buy a higher-priced home. Contact a mortgage loan officer to find out whether a jumbo loan may be right for you.
  1. Anew Lending and their representatives do not provide tax or legal advice. Each individual’s tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Final Thoughts

Don't let the complexities of securing a mortgage hold you back.

Anew Lending's team of experts will guide you through the process with personalized consultation and a variety of loan programs to choose from.

With their commitment to honesty and integrity, you can trust that they'll make home ownership in Sacramento accessible for you.

Take the first step towards your dream home today and schedule your consultation with Anew Lending!

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