Jumbo Loan Kansas City

What Are Jumbo Loans?

We are a Kansas Mortgage Lender offering Jumbo Home Loans. A Jumbo loan, is for larger priced homes and requires a larger down payment and credit quality.

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

Minimum Down Payment

The minimum down payment for a Jumbo home loan is 20% of the purchase price.

Loan Limits of Jumbo Financing

The minimum loan amount is $484,351 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:

Kansas City 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.

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.