If a borrower is looking to purchase a higher priced home, a Jumbo Loan is a great solution. In most cases a Conventional Loan would be ideal, but sometimes a higher priced home requires a Jumbo Loan because it exceeds the conforming and conforming high-balance loan limits limit is set by the FHA. Jumbo Loans are for primary residences, second or vacation homes and investment properties.
First Florida Mortgage NMLS #2057475 is here to answer any questions you may have and to help get you into your dream home!
Contact Patriot Home Loans if you have any questions about a applying for a loan!
