To qualify for a Jumbo loan exceeding $726,200 in Salem, located in Salem, VA, an initial down payment of at least 10% is mandatory. Lendersa® provides an extensive roster that includes both portfolio lenders and Non-QM lenders, proficient in arranging Jumbo loans with a maximum limit of $3,000,000. Individuals with high net worth have the potential to obtain super jumbo loans that can reach up to $35,000,000.
The conforming high balance loan thresholds are set at $726,200 for a single-family residence, $929,850 for 2-unit residences, $1,123,900 for units comprised of three, and $1,396,800 for structures with four units.
Leverage our Jumbo mortgage rate calculator to access current jumbo mortgage rates and assess the required downpayment, necessary income, credit ratings, financial reserves, and documentation prerequisites for qualification.
Evaluate loan proposals from 100 different lenders
Lendersa® is dedicated to securing the most optimal jumbo loan for you, tailored to fit your specific financial circumstances and objectives. You have the option to begin with one of three pathways designed to pair you with corresponding lenders and appropriate jumbo loan programs.
The Lendersa® Jumbo mortgage calculator is a practical tool that facilitates lender comparisons to pinpoint which offers the premier Jumbo refinance rate today, or to acquire a Jumbo loan in the range of $1,500,000 to $25,000,000.
Lendersa® rapidly gathers and analyzes loan program information from thousands of Jumbo lenders, matching it seamlessly with your unique financial profile and aspirations in just seconds.
To find the exact distance between the jumbo lenders to your property, enter the property address or location here:
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NMLS 1795154
