Question:

How to find super jumbo mortgage lenders?

Answer:

You will need to locate jumbo and super jumbo mortgage lenders if you are looking to finance residential or investment property exceeding the current 2008 jumbo loan amount limit of $729,750.

Most jumbo and super jumbo home mortgage lenders are easiest to locate online.

Large lenders usually have translated their business on the web. If you run online search for online Super Jumbo lenders in your state, you are likely to find many within minutes.

Due to increased risk of internet mortgage fraud, you are advised to check licensing and testimonials for the lender before you engage in official business with them.

Mortgage licensing will vary by state - a super jumbo lender in your state may be licensed as Residential Mortgage Originator, or Mortgage Banker or Broker.

Sometimes, you might be able to obtain better financing terms on a Jumbo and Super Jumbo mortgage if you split your loan into a first and second mortgage, or use an interest-only or adjustable rate option for a jumbo.

Before taking a super jumbo loan, you are advised to talk extensively with your loan consultant about getting your first or second luxury home, or investment property.

Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
Link:
Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
Link:
Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Link this QnA Print del.icio.us Digg
Was this Mortgage QnA helpful?
Not at all
  • Currently 2.9/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
 Definitely
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA:

Common misspellings: mortage and morgage