Learn About Jumbo Loan Denver Programs!
Do you need a Jumbo loan Denver loan program that exceeds Conventional loan limits? If so, you’re in the market for a Jumbo loan. The Newman Team and Cherry Creek Mortgage have a variety of Jumbo loan programs to fit your particular needs. Our Jumbo loan programs are designed for credit worthy borrowers who desire a higher-balance loan amount with flexible guidelines and competitive pricing.
In most housing markets, today, the Conventional loan limit is $417,000. With housing prices on the rise, the demand for Jumbo loan products continues to rise as well. Many people wonder “What is a Jumbo mortgage?” A Jumbo mortgage is defined as a home loan with an amount that exceeds the Conventional loan limits ($417,000), which are imposed by Fannie Mae and Fredie Mac.
The options for Jumbo loan products continue to grow! Below you’ll find several of the Jumbo loan products offered by The Newman Team and Cherry Creek Mortgage as well as the benefits of trusting us with your Jumbo loan!
The Newman Team at Cherry Creek Mortgage Jumbo Loan Highlights:
- Experienced and speedy service from The Newman Team
- Competitive pricing
- Flexible guidelines
- In-house, quality processing and underwriting
- Loan amounts up to $2 million
- Fixed rate and ARMs (5/1, 7/1, 10/1)
Specific Jumbo loan Denver programs include (but are not limited to):
Jumbo Loan With No Mortgage Insurance (MI) Program:
In the past, Jumbo mortgage required mortgage insurance – but not with this program. With multiple options, this no MI Jumbo loan is a great option.
- 85% LTV with no mortgage insurance
- 740 minimum FICO score
- Up to 1,500,000 loan amount
- Available on purchase and rate/term refinance transactions
- Available for primary residence 1-Unit Attached/Detached properties
- Offered in 15 and 30 year fixed terms as well as 5/1, 7/1, 10/1 ARM terms
Denver Jumbo Fixed Rate Loan Program:
Are you looking for a fixed rate Denver Jumbo loan program? This program offers loan a variety of Jumbo loan options for both purchases and refinances!
- Loan amounts up to $2 million for primary residences
- Available for new purchases and cash-out refinances
- Maximum 80% LTV (for loan amounts up to $2,000,000) with a minimum credit score of 720
- Maximum 75% LTV (for loan amounts up to $1,500,000) with a minimum credit score of 720
- Maximum 70% LTV (for loan amounts up to $1,000,000) with a minimum credit score of 700
30-20-15 Jumbo Loan Program:
Have previous Jumbo loan guidelines prevented you from purchasing the home of your dreams? Look no further than our new 30-20-15 Jumbo loan program.
- Primary residence only
- Available in 30, 20 or 15 year terms
- Mortgage insurance is required
- Maximum DTI of 43#
- Maximum 90% LTV (for loan amounts up to $850,000) with a minimum credit score of 680
- Maximum 85% LTV (for loan amounts up to $1,000,000) with a minimum credit score of 700
If you’re in the market for a Jumbo Loan or are curious about the options available to you, please give the Newman Team a call (720.974.8400 x2) or shoot us an email (firstname.lastname@example.org).
We would love to help you with your Denver Jumbo loan for home mortgage!
*All applications are subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Cherry Creek Mortgage Co., Inc. NMLS #3001.