Financing the Home of Your Dreams

Jumbo home loans, sometimes referred to as nonconforming mortgages, are an option for financing the purchase of a property valued above federal standards. We offer a customized line of jumbo loans for buyers looking to finance a mortgage that exceeds standard conforming limits.

The loan limits depend on the location of the property. In most U.S. counties, a single-unit property has a federal limit of $417,000 for conventional conforming loans. In those areas, jumbo loans may be the best option for buying or refinancing a luxury home.

But, due to high housing costs in other areas of the country, a jumbo loan might be used for a relatively modest home. The cap starts at $625,500 in most of these higher cost areas.

Your Mutual of Omaha Mortgage loan officer can guide you to the best choice for your specific situation. Options include:

  • Loan amounts up to $3 million
  • 95 percent financing option with mortgage insurance
  • Fixed-rate and adjustable-rate mortgages

Jumbo Home Loan Advantages

While a jumbo loan usually has a higher interest rate, it allows the buyer to avoid making a huge down payment in order to reduce the loan balance to a conforming level.

Contact one of our Mutual of Omaha Mortgage home loan experts to learn more about our jumbo product options.

Not sure what type of loan is right for you?
Contact a Mutual of Omaha Mortgage home loan expert.

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