(760) 754-5628
(760) 754-5628
Carlsbad Jumbo Loans
Jumbo loans are often used to finance properties that exceed the maximum mortgage amount allowed by conventional conforming mortgages.
How Does A Jumbo Loan Work?
How to qualify for a Jumbo loan
With the right qualifications, a jumbo loan can be your ticket to homeownership. You must meet certain guidelines in order for this type of financing option:
- Jumbo loans typically have much higher down payment requirements compared to conforming loans. You will need to have funds available for a down payment.
- Your credit score is a major factor when it comes to getting a jumbo mortgage. You must meet stricter credit score requirements.
- A lower debt to income ratio is typically required.
- Wait for one to two years before applying for the loan after bankruptcy, or three years after a foreclosure.
How to Apply For A Jumbo Loan
Applying for a jumbo loan requires a couple of key steps:
- When applying for a jumbo loan, you will need to make sure that you have the funds available to cover the cost of a down payment.
- Be sure all of your documents are in order. Make two years' worth of tax returns; recent pay stubs, and driver's license available because they'll need them all during the process. You should also provide full statements from any account where money is held (including checking accounts) as well as information on retirement plans like 401(k)’s if applicable.
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Meet Jon
Local Mortgage Expert
NMLS: #484327
"My mission is to help locals like you achieve the American Dream by getting them into a house they love and can afford."
Expert Mortgage Advice Is Just A Click Away.
Our Home Loan Experts Are Personally Available To Answer All Your Mortgage Questions.
(760) 754-5628
Jon@tuckerloans.com
Expert Mortgage Advice Is Just A Click Away.
Our Home Loan Experts Are Personally Available To Answer All Your Mortgage And Refinance Questions.
(760) 754-5628
Jon@tuckerloans.com
Meet Jon
Local Mortgage Expert
NMLS: #484327
"My mission is to help locals like you achieve the American Dream by getting them into a house they love and can afford."
Don't Wait. Start Achieving Your Financial Goals Today.
Take our quick 60-second quiz and we'll match you with the best loan option and rate that fits your situation.
Get started today - no commitment needed.
(760) 754-5628
Jon@tuckerloans.com
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