We Offer The Best Possible Rates on Jumbo Loans In PA!
Jumbo mortgage loans are loans that are above the conventional loan limit. In most cases, this means a loan amount of more than $647,200. 30-Year Fixed Jumbo Mortgage Loans typically have higher interest rates than conventional loans, as they are considered higher risk. However, with PMG-Funding, you can rest assured knowing that you’ll get the best rate for your Jumbo mortgage loan needs. If you’re looking for a jumbo loan in Pennsylvania, then you’re in the right place. Contact us below to get started.
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Benefits
- 5.5% Rate – 5.631% APR 30-year fixed
- No MI options
- Allows 90% financing (10% down)
- Loan amounts to $1,000,000
- >$647,200 loan amount
- Second homes allowed
Disadvantages
- <$647,200 not eligible
- Does not allow for investment properties
A mortgage held on the books of the bank/institution and exceeds the conforming limit of Fannie Mae and Freddie Mac.