Jumbo loans are used when the value of home being purchased exceeds current conforming loan limits. Conforming loan limits vary by state and county, but for most of the US the limit is $510,400.
Because of the higher risk of these loans they typically have higher interest rates than a traditional loan, but Pacific Mortgage Center has the ability to find competitive rates for Jumbo Loans up to $3,000,000.
Borrowers can purchase or refinance a home up to $3 million for 1-unit primary residences, second homes, and investment properties. They are available in both fixed rate and adjustable rate options.
Pacific Mortgage Center
157 S Monroe St
Spokane, WA 99201
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