Jumbo Loans in Arizona and Colorado
Jumbo loans are another type of loan product we are happy to offer at Castle Rock Mortgage LLC.
Jumbo loans, or jumbo mortgages, exist to help borrowers purchase and refinance homes above the conforming loan limits set by the Federal Housing Finance Agency (FHFA) in each state and U.S. territory.
In anticipation of the FHFA release of the 2022 conforming loan limits, the new maximum conforming loan amount will be $625,000. As a result, Castle Rock Mortgage LLC is starting its Jumbo Minimum loan amounts at $625,001.
Getting Approved for Jumbo Mortgage Loans in Arizona and Colorado
Castle Rock Mortgage LLC makes it easy! Like any other mortgage, jumbo mortgage loans in Arizona and Colorado are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
At Castle Rock Mortgage LLC, we can customize how we search for the right jumbo loan for you based on your preferences.
For instance, what kind of term are you looking for? The standard 30 years, or maybe something less than that? If it's a purchase, how much of a down payment will you be putting down?
The good news on both of those fronts is that jumbo loans don’t mandate extraordinarily high interest rates or down payments.
It all depends on your financial health and what you want to pay on your property going forward.
Let Castle Rock Mortgage Secure Your Jumbo Loan in Arizona and Colorado
If you’ve determined that a loan at or above $625,001 is for you, you’ll likely need a jumbo loan.
At Castle Rock Mortgage LLC, we find you the best home loans in Arizona and Colorado based on what you want. We’re your mortgage broker, and we’re happy to do the heavy lifting so you can focus on the exciting life changes ahead of you!
Call us at any time to talk about quotes or ask us any questions at all.