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:
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.
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Find us Overland Park
Find us in Kansas city