Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury home. Borrowers are required to have a low debt-to-income ratio and a high credit score.
The limit on conforming loans is $484,350 in most areas of the country, but jumbo mortgages can exceed these limits.
With the rapid increase in property values in many regions, it might be a good time to consider refinancing your home loan. Realty Mortgage offers a variety of mortgage refinancing rates and options. We can advise you on which mortgage refinancing program meet your needs and help you refinance today.