Whats a Jumbo Mortgage?

Properties with values ranging from $417,000 to $2.5MM

Who should consider a Jumbo loan?

  • A client that is looking for a direct lender for their loan.
  • Clients wanting Flexible programs and options for executive mortgages.
  • Clients looking to acquire fixed-rate and adjustable-rate options and repayment terms up to 30 years, making monthly payments easier to manage.
  • Eliminate PMI (Private Mortgage Insurance) with a first and second loan.
  • Pre-approval is required.
Loan amounts above the maximum limit established by Fannie Mae and Freddie Mac (currently $417,000) are known as ‘jumbo’ loans. Because jumbo loans are bought and sold on a much smaller scale, the rates are often times a little higher than the conventional conforming interest rates.

myGreatLoan rates are exceptional in the jumbo arena. If you are interested in obtaining more information about our jumbo products and rates, contact us immediately and we will answer any questions you may have.

Let’s get started today!

              Contact us at 1-800-249-0080
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DISCLAIMER

Bank of England Mortgage Division has tried to provide accurate and timely information; however, the content of this site may not be accurate, complete or current and may include technical inaccuracies or typographical errors. From time to time changes may be made to the content of this site without notice. Bank of England Mortgage Division may change the products, services, and any other information described on this site at any time.

The information published on this site is provided as a convenience to visitors and is for informational purposes only. You should verify all information before relying on it and decisions based on information contained in our site are your sole responsibility. If you need specific details about any information contained in our site, you should contact Bank of England Mortgage Division at (248) 504-5114.

This is not a commitment to lend or extend credit. All loans are subject to credit approval including credit worthiness, insurability, and ability to provide acceptable collateral. Not all loans or products are available in all states.  ENG Lending and Bank of England are not affiliated with any government agency.

Bank of England Mortgage Division is a division of Bank of England. NMLS 418481. Member FDIC.