A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $548,250 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.
Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
Applying for a jumbo loan has never been easier. Our streamlined online application process allows you to submit your information quickly and securely. Plus, our team is available to guide you through every step of the way, answering any questions you may have.
Established in 2018
We have been helping customers afford the home of their dreams for many years and we love what we do.
Spot On Lending is an Equal Housing Opportunity Lender and complies with applicable laws and regulations.
Licensed and Serving Across 4 States:
California NMLS# 02066654 | 60DBO-154093
Georgia & Texas NMLS#1767407
Florida NMLS#MBR5826
Main Office:
5193 Groovers Landing Rd SE
Acworth, GA 30101
California Office:
1968 S. Coast Hwy #4100
Laguna Beach, CA 92651
California (Orange County, Laguna Beach)
Texas (Dallas Metro Area)
Florida (Tampa Bay Area)
Georgia (Atlanta Metro Aread)
Spot On Lending (“Inc.”), is an Equal Housing Opportunity Lender.
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