Jumbo Refinance

 

Refinance jumbo mortgage loan

When it comes to homeownership, you have lofty goals - and you should! Let us help you achieve your home financing goals.

 

What is a Jumbo Refinance Loan?

If you have a jumbo loan and are considering a refinance, we have many options for you. A jumbo refinance loan is a refinanced loan that exceeds a specific threshold called the conforming loan limit. Currently, the conforming loan limit for a single-family home is $424,100. However, loam limits can go higher in some high cost area of the continental United States.

 

How Do I Know if I'm Eligible for a Jumbo Refinance Loan?

The same factors that qualify you for any home loan also apply for a Jumbo refinance loan. However, in comparison to a standard conforming home refinance loan, a Jumbo loan may require higher credit scores, lower debt-to-income ratios, higher reserves, and larger down payments.

 

What are the Benefits of a Jumbo Refinance Loan?

Compared to other financing methods for greater loan amounts, there are a number of benefits Jumbo refinance loans offer, including:

  • Financing available up to $2.5 million

  • The convenience of one loan for the entire loan amount instead of having multiple mortgages

  • Fixed and adjustable rate mortgage options available

  • Quick turnaround with in-house underwriting

 

Let's Get Started! Get Pre-Approved for a Jumbo Refinance Loan

Let the experienced professionals at Waterstone Mortgage guide you throughout the entire Jumbo refinance loan process. With our expertise and attention to detail, we'll work with you from application to closing to make your homeownership dreams a reality.

 

Been paying the same mortgage payment amount each month for years? Our Refinance Calculator can help you determine what your new monthly payment might be.

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment.