Jumbo Loans

Elevate your homeownership aspirations with Mohave Mortgage's Jumbo Loans, the ideal financial solution for those seeking to finance higher-priced properties that surpass the conforming loan limits set by government-sponsored enterprises. With higher loan amounts tailored to accommodate the unique needs of upscale properties, jumbo loans provide the flexibility and financial support necessary to secure your dream home.

However, with great borrowing power comes stricter qualification requirements. Lenders often impose higher credit score standards, lower debt-to-income ratios, and substantial cash reserves to ensure borrowers can comfortably manage the larger loan amounts associated with jumbo loans. Larger down payments are also a common feature, ranging from 10% to 20% of the property's purchase price, offering borrowers the opportunity to invest more in their high-value properties.

Additional documentation may be required during the application process to verify income, assets, and financial stability, as lenders scrutinize borrowers' financial profiles more closely. Jumbo loans stand out with their non-conforming features, offering options such as interest-only payment plans, adjustable-rate mortgages (ARMs), and other non-standard loan products. Whether you're purchasing a luxury home, investing in high-end real estate, or securing a second home, Mohave Mortgage's Jumbo Loans provide the tailored financial support you need to turn your upscale homeownership dreams into reality.