All loans have a maximum loan amount that changes over time and depending on the location of the property. If a loan amount will exceed the maximum loan amount for a specific loan program – the borrower would apply for a Jumbo loan. Jumbo loans allow the homeowner to exceed the maximum loan limit and obtain financing in these circumstances. Jumbo loans will have requirements that are specific to this loan program and different than loan programs that won’t exceed the maximum loan limits. At eLendingNow, you will be able to work with an experienced Mortgage Team, who will provide you with the benefits offered by these programs and determine which option is best for you. Take the first step by requesting a FREE loan analysis.
Call eLendingNow today at 866-853-1622.