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Buy
Apply Now
Ready to start your home buying journey? Apply now and get pre-approved for your mortgage.
Purchase Rates
Know the rates, know your options. Start building your homeownership plan today.
Monthly Mortgage Calculator
Get a clear picture of your monthly mortgage payment using your rate, credit score, and down payment information.
Affordability Calculator
Not sure what fits your budget? This calculator factors in your income, debts, and down payment to help you find the right price range.
Refinance
Apply Now
Ready to lower your rate or tap into your equity? Apply now and start your refinance journey with confidence.
Refinance Rates
Rates can change fast. See today’s options and discover potential savings on your mortgage.
Refinance Mortgage Calculator
Wondering how refinancing will affect your monthly payments? See how much you can save.
Cash-Out Refinance Calculator
See how much equity you can tap into. Estimate your new mortgage payment and compare loan options.
Rates
Resources
Calculators
Free, interactive mortgage calculators that can help you along the journey toward your home ownership goals.
Blog
Learn more. Stress less. Our blog breaks down what you need to know to buy, refinance, or plan ahead.
FAQs
Check out our FAQs to learn more about Total Mortgage, mortgage lending, home refinancing, and more.
Loan Programs
Navigate all our programs and find the perfect loan for you.
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About
Jumbo 30-Year
<p>A 30-year fixed-rate jumbo loan is the traditional choice for loan amounts over $424,100 (or $636,150 in some areas).</p>
Benefits
Higher Loan Limits
Finance high-value properties beyond conventional loan limits.
Flexible Options
Choose between fixed-rate or adjustable-rate options to suit your needs.
Long-Term Financing
30-year term offers lower monthly payments compared to shorter-term loans.
Investment Potential
Finance primary residences, vacation homes, or investment properties.
Jumbo 30-Year Mortgage Information
<p>Jumbo 30-year mortgages are designed for financing high-value properties that exceed conventional loan limits. To better understand how this loan can help you purchase your dream home, you can start by <a href="/apply">speaking to one of our seasoned experts</a>.</p>
How Jumbo 30-Year Loans Work
<ul><li>Exceeds conforming loan limits set by FHFA (currently $766,550 in most areas)</li><li>Available in fixed-rate or adjustable-rate options</li><li>30-year term for lower monthly payments</li><li>Not guaranteed by Fannie Mae or Freddie Mac</li></ul>
Eligibility Criteria
<ul><li>Credit score: Typically 700 or higher</li><li>Debt-to-income ratio: Usually less than 45%</li><li>Cash reserves: 6 to 24 months of mortgage payments</li><li>Down payment: Generally 10% to 20%</li><li>Property appraisal required, sometimes two appraisals</li></ul>
Loan Types
<ul><li><strong>Fixed-Rate:</strong> Interest rate remains unchanged for the entire 30-year term</li><li><strong>Adjustable-Rate (ARM):</strong> Initial fixed rate period followed by periodic adjustments</li></ul>
Pros and Cons of Jumbo 30-Year Mortgages
<p>Understanding the advantages and disadvantages of a Jumbo 30-Year mortgage can help you make an informed decision.</p>
Pros
<ul><li>Higher loan limits for expensive properties</li><li>Options for fixed or adjustable rates</li><li>Ability to finance primary homes, vacation homes, or investment properties</li><li>Lower monthly payments due to 30-year term</li></ul>
Cons
<ul><li>Higher interest rates compared to conforming loans</li><li>Stricter eligibility criteria</li><li>Substantial down payments required</li><li>Limited lender options</li><li>Higher closing costs</li></ul>