Sometimes jumbo homes need jumbo mortgage loans. Jumbo loans make a lot of sense if you’re financing a home in a high-cost area (such as a vacation home), have a strong credit rating, and have a high income.
Colonial 1st Mortgage always puts you first and will help you navigate the jumbo mortgage loans that are available providing the larger funds traditional loans do not cover. Once the loan amount reaches certain heights, you do not qualify for the protections provided by Fannie Mae or Freddie Mac. For this reason, jumbo mortgage loans are also known as non-conforming loans and can be either fixed-rate or adjustable-rate.
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The mortgage process can seem daunting at first, but with Colonial 1st Mortgage putting you first, we make it easy. To put it as simply as possible, the steps are:
Your first home, your first refinance, your first second home, your first reverse mortgage – through all of them, Colonial First puts you first. Just click below or call 804.967.2560 to get started on your free, fast and easy quote today.
Colonial 1st Mortgage, Inc.
11551 Nuckols Road, Suite G
Glen Allen, VA 23059
Tel: 804.967.2560
Fax: 888.352.0706