Jumbo Loans

Larger Purchase Loans

Jumbo loans are home purchase loans designed for larger purchases that come with significantly higher limits and tougher guidelines. They’re perfect New York mortgage and New Jersey mortgage options for families that require extensive living space, or for homebuyers who are looking for exquisite luxury homes.
Get A Rate’s jumbo loans are some of the most competitive NY and NJ mortgages available, including:
  • Unbeatable flexibility: Available in every product and loan term, from 3, 5, 7 and 10 adjustable rate mortgages (ARMs) to 10, 15, 20, or 30-year fixed-rate New York or New Jersey mortgages!
  • Higher loan limits: Borrow up to $3 million for higher-end properties!
  • Affordable down payments: Borrow up to $1 million with only 20% down!
Choosing The Right New York Or New Jersey Jumbo Loan
Jumbo refinance or home purchase loans aren’t the best choice for everyone, and you should always match a loan to what your budget will allow. Also, there are risks associated with borrowing such a large amount of money.
Talk to a Get A Rate local home loan specialist to find out whether a jumbo loan is right for you. Get A Rate has a long and impressive track record of exceptional service (check out awesome reviews from our satisfied customers!), and our seasoned mortgage experts will provide you with fast, easy, and convenient solutions for your New York or New Jersey home loan needs.
LOAN OPTIONS
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NMLS #907795 Licensed Residential Mortgage Lender in CA, WA, GA, TX, PA, CT, FL, SC and NJ (by the NJ Department of Banking and Insurance). Equal Housing Opportunity Lender. When and if acting as a broker, Get A Rate will not make commitments or fund mortgage loans. Registered NY Mortgage Broker. All NY mortgage loans are arranged with third party lenders - Get A Rate LLC does not directly offer or guarantee NY interest rates or loan programs and does not directly issue commitments or make final decisions on loan terms. Authorized website by the New York State Department of Financial Services.

Get A Rate LLC is an FHA Approved Direct Lending Institution, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. These programs are not a commitment to lend and program guidelines are subject to change.

Additional Disclosures

Rates as of 7/12/20. Recently advertised rates are subject to change without notice. Advertised rates are based on an owner-occupied, single-family, residential properties, a credit score over 760, 75% LTV purchase/rate term, the debt-to-income ratio is less than 36%, and an escrow account for the payment of taxes and insurance.

If LTV > 80%, PMI will be added to your monthly mortgage payment on conventional loans. FHA Loans will always have upfront MIP as well as annual MIP added. Military/VA loans will require a VA Funding Fee unless otherwise exempted.

An advertised rate is not guaranteed and does not constitute an approval. Actual payments will vary based on your individual situation and current rates. Not all applicants will be approved. Minimum credit score requirements apply. The lock period for your rate is 30 days. Fees and charges may apply.

Full documentation, acceptable properties, insurance, and additional underwriting is required. Loans are secured by liens against real property. Terms, conditions, and restrictions apply. NY Loans are arranged through third parties. Lending services may not be available in all areas.

Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Get A Rate offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call to talk to one of our mortgage experts.

Calculations computed by Get A Rate Rent vs. Buy and Affordability calculators are estimations. Get A Rate is not an accounting firm or financial advisor. Please consult a tax professional and/or financial advisor for more accurate information.