Jumbo Loan Kansas City
What Are Jumbo Loans?
Jumbo Loan Kansas City, is for larger priced homes and requires a larger down payment and great credit quality. We are a Missouri and Kansas Mortgage Lender offering the best rate and service on Jumbo Home Loans.
Benefits of Jumbo Home Loans
Borrowers with stable employment, larger down payment, and great credit are candidates for Jumbo home loans.
- Good interest rate for borrowers with good credit
- Flexible terms (length)
- Both purchase or refinance transactions
- No private mortgage insurance
Kansas City Minimum Down Payment
The minimum down payment for a Jumbo home loan is 20% of the purchase price.
Maximum Loan Limits of Jumbo Financing
The minimum loan amount is $625,001 and the maximum loan amount is $3,000,000 for Kansas and Missouri.
Fixed Rate Home Loans
Metropolitan Mortgage offers jumbo loans as 30-year and 15-year fixed rate options. All options offer the same interest rate stability, but the shorter the term the higher the monthly payments, giving you a faster way to build up home equity. You can use this higher equity as a down payment when you move to your next home. Click the link below for today’s mortgage rates:
Jumbo Adjustable-Rate Mortgages
A Jumbo adjustable rate mortgage (ARM) lets homeowners pay a low introductory interest rate for the first few years (5-year, 7-year, and 10-year). These type of loans are best for shorter terms of ownership.
Jumbo Payment Calculator
Whether you are buying a home or refinancing your home, you can run detailed monthly payments, including escrows (taxes and insurance), with our monthly payment calculator. Run early payoff strategies, additional monthly payments and lump sum payment(s).
Explore all the Loan Options that are available
- Conventional loans (3% down payment)
- VA loans (No down payment)
- FHA loans (3.5% down payment)
- USDA loans (No down payment)
Have Questions? Call a Loan Officer at Metropolitan Mortgage today at 913.642.8300.
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