Jumbo ARM Loans: Flexible Financing for High-Value Homes

Program Summary

Jumbo ARM (Adjustable-Rate Mortgage) loans provide financing for properties that exceed conforming loan limits, with an initial fixed-rate period followed by adjustable rates. These loans are ideal for buyers seeking lower initial payments on luxury or high-value homes, offering flexibility for borrowers who may sell or refinance before the adjustable period begins.

Key Benefits

• Finance luxury homes: Available for properties above conforming loan limits.
• Lower initial payments: Benefit from a fixed rate for 5, 7, or 10 years.
• Flexible terms: Tailored for buyers who plan to refinance or sell within a few years.
• No PMI: Private mortgage insurance is typically not required.

Program Details

• Credit Requirements: Minimum score of 700+ for most lenders.
• Down Payment: Typically 10%-20% required.
• Loan Amounts: Exceeds conforming loan limits, which vary by county.
• Interest Rate Adjustment: Rate adjusts after the initial fixed-rate period based on market conditions.

Who Is This Program Best For?

• Buyers purchasing high-value homes above conventional loan limits.
• Borrowers looking for lower initial payments and flexibility to refinance later.
• Homebuyers who plan to sell or refinance before the adjustable-rate period begins.

Next Steps

Looking to purchase a high-value home? Contact us today to learn how a Jumbo ARM loan can make it possible!