In the county of Montgomery, located in MD, if you're contemplating a jumbo loan surpassing $970,800, it's essential to prepare for a minimum down payment of 10%. Lendersa® provides access to an extensive list of portfolio lenders and Non-QM lenders who are capable of arranging jumbo loans capped at $3,000,000. Meanwhile, those of significant financial means might explore acquiring super jumbo loans reaching up to $35,000,000.
When it comes to conforming high balance loans, the limits differ based on the type of property. A single-family residence is set at $970,800, whereas properties with dual units have a conforming high limit of $1,243,050. For buildings boasting three units, the limit increases to $1,502,475, and for those with four units, the limit is set at $1,867,275.
To gauge current jumbo mortgage rates and determine the needed down payment, income, credit status, reserves, and prerequisite documents for approval, we recommend using our dedicated jumbo mortgage rate calculator. This tool provides an insightful overview of the requirements.
Explore and compare a variety of loan offers from 100 different lenders
Lendersa® aims to facilitate your journey towards obtaining the most suitable jumbo loan tailored to meet your specific financial situation and objectives. To begin, you can choose from three distinct starting points. Each of these options is designed to align you with optimal lenders and jumbo loan programs that match your individual needs.
The Lendersa® platform offers a jumbo mortgage calculator that allows you to systematically compare different lenders, helping you to identify who provides the most advantageous jumbo refinance rate available today or the most favorable jumbo loans designed for purchases ranging from $1,500,000 to $25,000,000.
Lendersa® efficiently gathers and processes loan program data from a multitude of jumbo lenders. In a matter of seconds, this data is evaluated against your personal financial profile and requirements, ensuring that you are presented with the best options tailored specifically to your needs.
To find the exact distance between the jumbo lenders to your property, enter the property address or location here:
|
|
|
|
|
|
|
|
|
|
"The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night..."
NMLS 1795154
