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Save Big With a Jumbo Loan

A jumbo loan is a mortgage loan in an amount above the conventional loan limits. Interest rates and down payments are typically higher than conforming mortgage loans because lenders consider them higher risk. At Bayway Mortgage Group, our jumbo loans have faster closings, better rates, and longer terms than our competitors!

Why Jumbo Loan:
Jumbo Loan Benefits

  • Up to $2 million loan amounts
  • Cash-out to borrowers up to $400,000
  • Fixed and adjustable rates available
  • Up to 30-Year mortgage terms available

 

Jumbo-LoanJumbo Loan Requirements

  • Must be a loans above conventional conforming loan limits
  • Minimum FICO of 680
  • Up to DTI 45/45

 

Steps to Jumbo

Before you start the Jumbo loan process, be prepared to provide some information to one of our loan officers.

  • Social Security numbers
  • Address
  • Gross monthly salary
  • Banking and financial information
  • Tax returns