Now it’s easier than ever to buy or refinance a home between $647,200 and $2.5 million.
The Jumbo Smart loan is the new jumbo loan offering from Rocket Mortgage® by Quicken Loans®. Here are the key differences between a Jumbo Smart loan and our previous jumbo loan.
o qualify for a jumbo mortgage, you’ll need:
Compared to other popular mortgage options, jumbo loans don’t necessarily have higher interest rates. Lenders determine jumbo mortgage rates based on your down payment amount, credit score and a number of other external factors.
Fewer requirements and a simpler process (compared to previous jumbo loans) make it easier to get a big loan.
Purchase a home with a down payment greater than 10%.
Unlike many conventional loans, no mortgage insurance is required, even when your down payment is less than 20%.
Jumbo Smart loans are available for primary homes, second homes and investment properties, located on up to 20 acres.
We offer a 30-year fixed interest rate on our Jumbo Smart mortgages.
Jumbo Smart loans are available for both 1- and 2-unit properties.
Apply online and work at whatever pace is convenient for you.
Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.
We service 99% of our mortgages, so our great customer service continues after you close.
After you close your loan, you can manage your mortgage online without any hidden fees.
No prepayment penalties if you pay off your loan early.
Downtone Loans has been providing our clients with award-winning service for over 60+ Years. We service 99% of our loans, which means you’ll get the same care and attention throughout the entire life of your loan.