What is a jumbo loan? A jumbo loan is based on a home owner obtaining a mortgage, the minimum is $417,000 and up and varies as some jumbo loans have a limit. These loan limits are set by the Federal National Mortgage Assocation (FNMA). Generally speaking jumbo home loans or mortgages carry a higher interest rate and based on credit and debt will determine how much of a down payment requirement will be and whether you qualify for a home loan.
Whether you are purchasing a luxury condo or condotel, we work with the best lenders in the area and we would be happy to assist you in buying a luxury condo. For more information on jumbo loans or to get approved for a mortgage, feel free to contact the Daytona Luxury Condo Team. We list and sell luxury condos and real estate in the Greater Daytona Beach area!
THE DREAM HOMES TEAM
EXP Realty Luxury CollectionPhone: 386-503-2020