Welcome to Motto Mortgage Signature Plus, where our Jumbo Loans redefine possibilities for those seeking larger home financing. A Jumbo Loan is the solution for properties that surpass the limits set by conventional conforming loans, especially in counties where the maximum conforming loan amount is $548,250, as determined by the Federal Housing Finance Agency (FHFA).
Also known as non-conforming conventional mortgages, Jumbo Loans cater to the unique needs of homebuyers and refinancers looking for more substantial financial support. While they offer the flexibility of fixed or adjustable interest rates and various terms, it's essential to note that these loans are considered riskier for lenders. Unlike conforming loans, Jumbo Loans can't be guaranteed by entities like Fannie Mae and Freddie Mac, exposing lenders to potential losses in the event of borrower default.
At Motto Mortgage Signature Plus, our Jumbo Mortgage Loans empower qualifying homebuyers and refinancers to borrow beyond the limits imposed by other loan types. With credit score requirements as low as 660, we aim to make this option accessible to a broader range of individuals. It's important to consider that Jumbo Loans might require a higher down payment than other mortgage loans, but the potential benefits of securing a larger loan for your dream home make it a compelling choice.
When you need a bigger home loan, our Jumbo Loans at Motto Mortgage Signature Plus provide the financial flexibility you're looking for. Explore the possibilities with our experienced team, and let us guide you through the process of securing the loan that fits your unique needs.
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