At Fairway Independent Mortgage Company, we’re here to help you understand the facts about Jumbo Loans.
Myth or Fact:
- You can get a jumbo loan with as little as 5% down
- Jumbo loans can’t be used to purchase investment properties
- Foreclosures, bankruptcies and short sales are automatic disqualifications for jumbo loans
- A FICO score of 700 or above is required
Drum Roll Please…
Let’s see how well you did:
Fact, there are jumbo loan products available with as little 5% down
Myth, some jumbo loans can be used to purchase investment properties
We offer unique jumbo products that offer early access back into the mortgage realm despite bankruptcy, foreclosure or short sale. Less stringent credit requirements make it possible to enter into a jumbo loan with scores starting at 620.
The skyrocketing prices in today’s Colorado’s housing market may have pushed you into looking at the $650,000 home just to fit your needs. We are here to help. Fill out the form or contact one of our Jumbo loan professionals today by calling 303-214-9071.