At Weichert Financial Services, we have a wide array of jumbo loan products for you including these:
The Weichert Low Down-Payment Jumbo
We are now offering a fixed rate mortgage loan of between $417,001 and $850,000 with as little as 10% down. (In certain areas, we also offer FHA financing with a downpayment as low as 3.5% on loan amounts up $625,500.)
- Fixed rates for terms of 15, 20 or 30 years
- Primary residences only
- Mortgage Insurance (MI) required – either borrower or lender paid
The Weichert 5/5 ARM with a Higher Ceiling
This adjustable rate mortgage program carries both a lower interest rate and a higher maximum loan amount than a typical jumbo loan product. While ARMs normally adjust yearly after the initial period, this one holds steady for five years between each adjustment.
- Loan amounts from $417,001 to $4 million with only 20% downpayment
- 30-year amortization
- Initial rate is fixed for five years and adjusts every five years thereafter
- Indexed to the 5-year Constant Maturity Treasury (CMT)
- 2/2/5 caps; 2% margin
Eliminate most or all jumbo loan closing costs.
While the financial outlay that’s your main concern is your deposit, closing costs are also significant. That’s why Weichert Financial Services is so pleased to announce this opportunity to buy a house with a jumbo loan and little or no closing costs. You’ll need to learn whether any of the restrictions apply to you, but if you qualify, you’ll be able to put more money down, go a little higher to get a house that seemed out of reach or celebrate because you’re able to set more money aside for re-decoration, re-design or repair.
Your Weichert Gold Services Manager is a licensed mortgage loan originator who can explain the advantages of these and all your other options in detail.
For terms and conditions, click here.