Contemporary wood mountain home lit up at night - Jumbo Loans

Typical Loan Features – Jumbo Loans

  • Available loan amount of up to $5,000,000
  • Self-employment is acceptable
  • Fixed rates and adjustable rates available
  • No Private Mortgage Insurance (PMI) is required with 20% down
  • Interest may be tax deductible for loans up to $1,000,000
  • Flexibility for refinancing
  • Reasonable closing costs

Jumbo Loans

Jumbo Loans for purchase are are similar to Prime Home Purchase Loans.  The difference is that you need them for larger home loans exceeding the 424,000 threshold for a single unit (the loan limits are higher for 2-4 unit properties). Due to the higher property values in larger cities such as Portland, Jumbo Loans are often required. This loan program is geared to buyers who want a larger, more expensive home. Jumbo Loan may be obtained for owner-occupied or non-owner occupied (i.e. rental) properties.

Loan Requirements

  • Available loan amount of up to $5,000,000
  • Self-employment is acceptable
  • Fixed rates and adjustable rates available
  • No Private Mortgage Insurance (PMI) is required with 20% down
  • Interest may be tax deductible for loans up to $1,000,000
  • Flexibility for refinancing
  • Reasonable closing costs