Modern Jumbo Solutions
Jumbo borrowers have unique situations; Parkside Mortgage, LLC has specialized products and solutions. Industry leading rates and closing times, 5% Down Jumbo Purchase, 1 Year Tax Returns, Bank Statement Income Documentation, Asset Depletion, and High-Balance Nationwide are just a few examples.
Jumbo Loan Limits
Jumbo loans, aka jumbo mortgages, are a type of non-conforming conventional loans. They are “conventional” because they are not insured or funded in any way through a government agency, such as the FHA, VA, or USDA. They are non-conforming because they exceed loan limits set by the Federal Housing Financial Agency. These loan limits vary depending on where you will purchase a home and how wealthy the area is on average. The 2022 conforming loan limit for a single family residence was increased to $647,200.