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The availability of financing up to $2.5 million, the simplicity of having just one loan for the complete loan amount rather than many mortgages, the competitive pricing, and other advantages are just a few of the many pros.
A loan that exceeds the conforming lending restrictions established by Fannie Mae and Freddie Mac is referred to as a jumbo loan. With the exception of Alaska, Hawaii, Guam, and the United States, the cap is $647,200 as of 2022. $970,800 is the cap in the Virgin Islands. Jumbo loans often have slightly higher rates because the risk to the lender is normally higher. With resources and knowledge that will aid you along the road, we're here to make the home loan process much simpler for you.
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