What is a Jumbo Loan?

Benefits of Jumbo Loans

Higher Loan Limits: Jumbo loans allow you to borrow amounts that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, making them ideal for purchasing luxury homes and high-value properties.

Competitive Interest Rates: Despite being non-conforming loans, jumbo loans can offer competitive interest rates, especially for borrowers with strong financial profiles.

Flexible Terms: We offer a variety of loan terms and options, including fixed-rate and adjustable-rate mortgages (ARMs), allowing you to choose the structure that best fits your financial strategy..

Investment Opportunities: Jumbo loans are not only suitable for primary residences but also for second homes and investment properties, providing opportunities to expand your real estate portfolio.

WHY CHOOSE US

What We Offer To You

Welcome to Las Vegas Mortgage, where we specialize in providing expert guidance and exceptional service for jumbo loans. As a dedicated jumbo loan specialist, I am here to help you navigate the unique requirements and benefits of securing a jumbo loan, enabling you to purchase your dream home or invest in high-value properties with confidence.

Expertise in Jumbo Loans

With extensive experience in the mortgage industry, our team at Las Vegas Mortgage understands the complexities of jumbo loans. We specialize in providing customized financing solutions for high-value properties, ensuring you receive the best possible terms and rates.

Personalized Service

At Las Vegas Mortgage, we recognize that every borrower has unique financial needs and goals. We take the time to understand your specific situation, offering personalized service and tailored loan options that align with your objectives.

Seamless Process

From pre-qualification to closing, I handle all the details, making your home buying journey smooth and hassle-free.

Commitment to Clients

Your satisfaction is my top priority. I am dedicated to providing transparent, honest, and responsive service throughout the entire loan process.

Access to Exclusive Loan Options

Comprehensive Loan Options

We offer a wide range of mortgage products, including FHA, VA, conventional, and jumbo loans. This diverse selection allows us to tailor our offerings to meet your specific financial needs and goals, ensuring you get the most suitable loan product for your situation.

Mortgage Pre-Approval

Secure your financing before you start shopping. Our pre-approval process is quick and easy, giving you a clear understanding of your budget and making you a more attractive buyer. Start your journey with confidence!

House Shopping

Explore a wide range of properties that fit your needs and lifestyle. Whether you're looking for your first home, a vacation retreat, or an investment property, our team is here to guide you through the search and help you find the ideal match.

Loan Application

Complete your mortgage application with our streamlined and user-friendly process. Our experienced loan officers will assist you every step of the way, ensuring all your questions are answered and your application is processed smoothly. Let us help you make your homeownership dreams a reality!

WHAT’S THE BEST

Mortgage Programs

At Las Vegas Mortgage, we offer a variety of mortgage programs tailored to meet your unique financial situation and goals. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we have the perfect loan solution for you.

Specific Programs

FHA Loans: Ideal for those with lower credit scores or limited down payment funds.
Conventional Loans: Flexible options with competitive rates for a range of borrowers.
USDA Loans: Great for rural property buyers, offering zero down payment.
VA Loans: Exclusive benefits for veterans and active-duty military members.
DSCR Loans: Perfect for real estate investors focusing on cash flow properties.
Bank Statement Loans: Designed for self-employed borrowers who need to show income differently.
ITIN Loans: Accessible options for those without a Social Security number.
Foreign National Loans: Financing solutions for non-U.S. citizens.
Fix and Flip Loans: Short-term financing for property renovation and resale.
Cannabis Industry Loans: Tailored loan options for professionals in the cannabis sector.
1099 Loans: Options for independent contractors and freelancers with 1099 income.
Private Money Loans: Quick and flexible funding for unique situations or investments.

OUR TEAM

Our Staff Profiles

KeVIN SCHANDA

SENIOR MORTGAGE ADVISOR

NMLS 93971

JONATHAN FESSER

MORTGAGE ADIVSOR

NMLS 2225687

BONNIE CLOCKEL

MORTGAGE ADVISOR

NMLS 1906508

Frequently Asked Questions

What is an Jumbo Loan?

A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. These limits vary by region but typically cap at $548,250 for a single-family home in most areas. Jumbo loans are used to finance luxury properties or homes in high-cost areas and require different underwriting standards compared to conforming loans.

Who is Eligible for a Jumbo Loan?

Eligibility for a jumbo loan typically requires a strong financial profile. This includes a higher credit score (often 700 or above), a low debt-to-income (DTI) ratio, and significant cash reserves. Lenders may also require a larger down payment, usually between 10% to 20%, depending on the loan amount and the borrower's overall financial situation.

What are the Down Payment Requirements for a Jumbo Loan?

The down payment requirements for a jumbo loan are generally higher than those for conforming loans. Borrowers can expect to make a down payment of at least 10% to 20% of the home's purchase price. Some lenders may require even higher down payments, especially for loans with higher balances or for borrowers with less-than-excellent credit.

How Do Interest Rates for Jumbo Loans Compare to Conforming Loans?

Interest rates for jumbo loans can vary widely depending on the lender and the borrower's financial profile. Historically, jumbo loan rates were higher than conforming loan rates due to the increased risk for lenders. However, competitive lending markets have sometimes led to comparable or even lower rates for jumbo loans, especially for well-qualified borrowers.

Can I Use a Jumbo Loan for Investment Properties?

Yes, jumbo loans can be used to finance investment properties, including multi-family units and luxury vacation homes. However, the qualification criteria may be stricter compared to primary residences. Lenders often require a higher credit score, larger down payment, and significant cash reserves for investment properties, as they are considered higher risk.