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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

Have Questions? Call a Loan Officer at Metropolitan Mortgage today at 913.642.8300.

Find us locally

Find us Overland Park

7381 W 133rd St #200,
Overland Park, KS 66213

Hours
Monday Friday
8:30am – 5:30pm

Find us in Kansas city

7280 NW 87th Terrace Suite 200
Kansas City, MO 64153

Hours
Monday Friday
9:00am – 5:00pm

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