Competitive rates on loan amounts up to $3,000,000
Texas Jumbo Home Loans
Looking to buy a larger, luxurious abode in Texas? If the loan value exceeds $424,100 then a Texas jumbo home loan may be right for you. A jumbo mortgage is a home loan with an amount that exceeds conforming loan limits imposed by Fannie Mae and Freddie Mac. In Texas, that value is $424,100. Texas Jumbo Home Loans have no PMI (private mortgage insurance), so the down payments are larger and the credit score requirements are typically no lower than 700. If you are going to qualify for a Texas jumbo mortgage, you will need to document income and assets in order to get approval. In Texas, the maximum debt-to-income (DTI) ratio for jumbo loan borrowers is 45%. The required reserve amount for jumbo borrowers is generally at least six months in reserves after closing; conforming and some government loan types may require only one or two months—and in some cases require no reserves. Call today to find out if a Jumbo Home Loan is right for you.
Texas Jumbo Mortgage Lenders
- More than $424,100 Home Loan Value
- Up to $3,000,000
- 80% LTV Maximum
- Subject to Investor Requirements
- Fixed Rate and Adjustable Rate Options
- Local Texas Customer Service
Call today to speak to Learn more about Texas Jumbo Loan options: 512-237-7400.
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About Jumbo Home Mortgages
Non-Conforming Mortgages also referred to as Jumbo Mortgages are unique in that they are not securitized with either Fannie Mae, Freddie Mac or FHA. These mortgage loans are backed by private investors. This means that there is no guarantee provided to the investor so consequently the mortgages guide lines are not standardized and generally subjected to the investor guidelines/requirements. These guidelines are typically more restrictive, but do make it possible for larger purchases to be financed at competitive rates and fees. With the aforementioned down side of a Texas jumbo loan, the upside is that jumbo mortgage rates are currently at historic lows, and interest on loans up to $1,000,000 are tax-deductable. Find out how low jumbo mortgage rates are today and lock it in today! Get award-winning customer service with Lone Star Financing – Your Trusted Lender for Jumbo Home Loans in Texas!
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We Serve All of Texas!
No matter what part of Texas you live in, Lone Star Financing has the resources to serve you. Specializing in New Home Loans; FHA and VA mortgages; and Mortgage Refinance. Find your city below and discover how we’ve helped your neighbors finance their homes!