Jumbo Home Loans Attleboro MA

Are you in need of money and are considering a jumbo loan? If so, read the following article for some important information regarding the loans.

Local Companies

MetLife Home Loans
508-667-2981
586 Kelly Boulevard
N. Attleboro, MA
Star Mortgage
800-941-5616
340 Manley Street
West Bridgewater, MA
Star Mortgage
800-941-5616
340 Manley Street
West Bridgewater, MA
Do-It-Yourself-Mortgage.com
508-422-9800
189 Main
Milford, MA
Diamond Funding Corporation
508-381-6400
189 Main Street
Milford, MA
JPMorgan Chase - Home Mortgage
(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA
Wells Fargo Home Mortgage
(508) 226-0117
155 N Main St
Attleboro, MA
Wells Fargo
(781) 380-6800
100 Grandview Rd Ste 300
Braintree, MA
American Mortgage Services
(781) 662-2552
822 Main St
Melrose, MA
Drew Mortgage Associates Inc
(508) 753-1656
196 Boston Tpke
Shrewsbury, MA

A jumbo loan is a home loan that is greater than the loan limit set by the Federal National Mortgage Association (also known as Fannie Mae) and the Federal Home Loan Mortgage Company (also known as Freddie Mac). Currently, the maximum value of a standard loan is $417,000 for a single home property; $533,850 for a two dwelling property; $645,300 for a three dwelling property; and $801,950 for a four unit property. Any single loan amount that exceeds those values will bump your loan into jumbo loan territory. Loans within the limits are referred to as conforming loans.

Because jumbo loans are not supported by the two listed Federal Mortgage agencies, they usually carry a higher interest rate. Other than the higher interest rate, jumbo loans are identical to a traditional, conforming loan. You can usually obtain a jumbo loan through the same channels as a conforming loan as well.

  1. Visit a local bank or credit union. Go into your local branch and ask to speak with a loan specialist. Explain the loan that you need and the loan specialist will walk you through the application process.

  2. Contact your financial institution of choice by phone. Place a call to your business of choice and ask to speak with a loan officer. Many financial institutions will begin the loan process over the phone and either send you the paperwork by mail or have you come into a local office to sign the documents.

  3. Apply to a specific institution through the Internet. In the interest of reaching more customers and increasing their efficiency, nearly all major financial institutions will now take your application online. Visit the site of your financial institution of choice and follow the instructions to apply for a loan.

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Author: Brad Halvorsen

Featured Local Company

MetLife Home Loans

508-667-2981
586 Kelly Boulevard
N. Attleboro, MA

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