Jumbo Mortgage Loans in Illinois, Wisconsin, Minnesota and Florida

Jumbo Mortgage Loans

When your dream home requires a little “EXTRA”

Illinois, Wisconsin, Florida and Minnesota jumbo loans or super jumbo loans offer homeowners the ability to take a mortgage loan that exceed the conforming loan limits set by Fannie Mae or Freddie Mac. With Interest rates low some homeowners would like to consider a jumbo loan to get more house for their money.

We also offer non conforming jumbo/super jumbo loan amounts for high-net worth borrowers where typical financing is often unattainable.

What is a Jumbo Loan?

A mortgage loan that exceeds the conforming mortgage loan amount of $424,000. Remember, this is the mortgage loan amount… not the value of the house. If you will be borrowing less than $424,000 please visit our mortgage programs page for information on our other great mortgage programs.

When your dream home requires a little “extra” – we have the programs for you. Our jumbo programs meet the needs of our jumbo borrowers looking for larger loan amounts.

  • Available for a large selection of property types
  • Common sense underwriting specializing in complicated borrowers profiles.
  • Unique properties considered: Co-ops, luxury loft units, high rise condos, non-agency approved condos (non-warrantable).
  • Fixed and ARM programs available
  • Jumbo VA loan programs available
  • Second home and investment properties also eligible
  • High land to home value
  • No limits on acreage
  • Interest only ARMs available

Additional features we offer for loan amounts greater than $350,000:

  • Loan amounts up to $5,000,000 (may go higher on a case by case basis)
  • Depletion of Assets – underwriting tool designed to provide more qualifying income by calculating a return on the borrower’s liquid assets
  • Pledged Asset Program – permits the affluent client to borrow up to $5,000,000 with only 10% down (and no MI) by pledging assets to offset required down-payment.
  • Vesting in Entities including all types of trusts, LLC’s, partnerships & corporations.
  • Foreign Nationals – no FICO required; second homes okay; foreign income and assets acceptable; and Non-Permanent Resident Aliens also acceptable.
  • Unlimited Acreage & Expanded Property Types including hobby farms orchards, and vineyards with reasonable income production; plus out-buildings, coops, and condo-tels.
  • Non-Warrantable Condos – many Fannie restrictions are avoided such as 51% owner concentration, HOA in builder control, HOA deficiencies, percentage of ownership in project, etc. Co-Ops too!
  • Dual-Primary Residences – not treated as second homes.
  • Second Homes with reasonable rental income – not viewed as investment property.
  • Payoff of Non Purchase Money 2nd’s – not considered cash out when seasoned.
  • Unlimited Number of Financed Properties – no limitation if subject is primary and available on second homes and investments on a case-by-case basis.

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