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Indiana Home Loans

Indiana Jumbo Home Mortgage Loans

You can call our mortgage brokers toll free at 808-357-5326 or appy online. Our licensed mortgage brokers will get you the best rate on an Indian Jumbo Mortgage loan on your next home. There is no obligation.

  • We are the Indiana luxury home specialists!
  • Available up to 4 million dollars.
  • Construction, purchase, refinance or refinance with cash-out O.K.
  • Programs range from "Interest Only" Libor Loans to Fixed Rate Mortgages.
  • Each product has a unique advantage to the homeowner so every option should be given the necessary time for analysis.

Jumbo mortgages (also called "Alt-A" or "non-conforming loans") are categorized as loans in excess of $322,700.00 for single-family residences. If you have found your dream home, but it is more than the limit for conventional financing, do not worry. We have what it takes to secure loans for up to 4 million dollars. We understand the type of investment involved with these homes and our professional approach will make the lending process a breeze. We do not give up until we have found the perfect lender for your needs. You always come out on top when you have 50+ lenders compete for your business.

With current interest rates, now is a great time to refinance your current jumbo loan. The refinancing process is very simple. It involves paying off your existing mortgage loan and taking out a new one on the same house. Your new mortgage loan could be at a more attractive interest rate, for a different term, or you could get an entirely different type of loan. — For example, you could switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage.

The interest rate on our Indiana Jumbo Mortgages are nearly as low as our conventional mortgages. Another way to get the best rate is to consider an adjustable rate jumbo mortgage. These are frequently much lower, depending on short term rates. Jumbo mortgages are our specialty!

Home loans are classified in a wide variety of ways. They can be classified by the amount loaned, whether the interest rate can be adjusted or not, the length of the payback period and so on. A fairly common and simple term to understand is the jumbo loan.

A jumbo loan is simply a mortgage in excess of the amounts set by government backed agencies that buy or guarantee loans. Companies such as Freddie Mac, Fannie Mae, HUD, etc. will guarantee the purchase of a loan from a lender if certain conditions are met. A discussion of those conditions is beyond this article, but one of them is the amount being borrowed. Depending on the agency in question. If the amount you are borrowing is less than this amount, then it is known as a conforming loan. If you need to borrow more, the loan is known as a non-conforming loan or “jumbo” loan. Effective January 1st, 2005, this limit is $359,650 in all states except AK and HI. The limit is $539,475 in AK and HI.

So, what does this mean to the home buyer?

Given the higher risk from the perspective of the lender, you can expect to be treated a bit differently. In this case, lenders are going to charge higher interest rates than you would be able to get with a conforming loan. Before you panic, keep in mind we are talking about a quarter of a point in interest. For example, a conforming loan for $300,000 may have an interest rate of 5.5 percent whereas the same borrower will have to pay 5.75 percent if they borrow $800,000.

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