Fill out the form below or call us today 251-301-8518 for more information, or start an application!
We make qualifying for a large loan straight forward, fast, and easy.
At Local Bank Mortgage, our specialty is funding the dream of homeownership - no matter the size of the loan or dream
For that matter that's why we created our jumbo mortgage lending program - a full suite of offerings designed with the needs of borrowers that seek larger loan amounts than were available through traditional lending options.
For that matter that's why we created our jumbo mortgage lending program:
Many home buyers are unaware they can obtain Jumbo financing without 20% down payment. Approved home buyers now have high balance mortgage options up to 95% loan to value.
The 5% down options not only apply to Jumbo purchase transactions but also Jumbo refinance loans.
Similar to conventional mortgages, jumbo loans can be obtained at a 30, 15 fix rate or adjustable rate term of 3/1, 5/1, 7/1 or 10/1 ARM. The interest rates on a jumbo loan are slightly higher due to the added lender/bank risk. However, the interest rate gap has been decreasing as the housing market continues to stabilize and available liquidity returns.
No PMI (Monthly Mortgage Insurance) requirements
Both 80/15 combo loans and single 95% LTV jumbo loan offered – along with an array of 90%, 10% down payment options.
FHA 203(h) loans offers several features that make homeownership easier including no required down payments, up to 100 percent financing.
Contact us today at (251) 301-8518 to get started or start an application today.
