A Jumbo Mortgage Loan is considered a mortgage amount greater than $417,000. Each year, Fannie Mae (FNMA) and Freddie Mac (FHLMC) adjust the Jumbo Loan limits to meet the current market conditions.

Because Jumbo Loans are sold in smaller pools (unlike FNMA and FHLMC), their mortgage rates are generally higher because of the incremental cost per loan when being securitized by Wall Street. Many think that jumbo mortgage rates are higher because they are larger loan amounts and are risky to investors, however that is incorrect.

These days, jumbo mortgages require a down payment of at least 10-15%. If a jumbo (or super jumbo) mortgage defaults, it is harder to sell a luxury residence for full price to the average borrower.

With that being said, we have a handful of the BEST jumbo mortgage lenders in the country that offer the lowest cost jumbo mortgage directly to you!

Whether you’re trying to determine if you qualify or if you’re interested in finding out what kind of documentation you’ll need to ultimately get a jumbo mortgage loan in Texas, we can provide you the information you’re seeking. Additionally we’re more than happy to take your phone calls at 832-212-6969. We service Houston, Austin, Dallas, San Antonio, El Paso, and the rest of Texas.

Get A FREE, NO Obligation Quote for a Jumbo Mortgage Loan in Texas!