Jumbo 30-Year Fixed Mortgage
You’ve arrived. So has your loan.
Jumbo mortgages are home loans that exceed conforming loan limits of $484,350 ($726,525 in some areas). They can be used for primary residences, vacation homes, and investment properties. A jumbo 30-year fixed-rate mortgage1 is a convenient way to finance your dream home without requiring a second mortgage or tying up cash. If you are looking to buy a high-priced or luxury home and have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you.
FEATURES YOU'LL LOVE:
- Loan amounts from $484,351 to $3 million
- Purchase and rate/term refinance options available on primary residences, second homes, and investment properties
- No prepayment penalties
- Easy online mortgage application
- First-time homebuyers permitted
- No mortgage insurance options available
- Cash-out options available on primary residence
See how the loan advisors at First Commercial Bank can tailor a jumbo 30-year fixed-rate mortgage to your needs and lifestyle.
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Programs for qualified borrowers. All borrowers subject to credit approval, underwriting approval and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
1Rate 3.500% with an APR of 3.540% as of 2/21/2020 10:09 AM EST. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $500,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount and origination fee of $1,295 with 360 monthly payments in the amount of $2,292. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.