Allied Home Mortgage - Programs

Jumbo Loan Programs

What is a Jumbo loan? A "jumbo loan" is a loan that exceeds the FNMA/FHLMC maximum loan amounts. Currently, the FNMA/FHLMC maximum loan amounts are $359,650 for one unit properties, $460,400 for two units, $556,500 for three units, and $691,600 for four units. Jumbo loans are available as either fixed rate or adjustable rate mortgages. Jumbo adjustable rate mortgages are available with an interest-only option that allows interest-only payments for an initial period of time.

Jumbo rates are generally higher than the rates on conforming loans. So it is sometimes advantageous to structure a jumbo loan as a first-lien conforming mortgage with a loan amount equal to the conforming loan limit combined with a second-lien loan for the remainder of the purchase price.

To qualify for a jumbo loan, borrowers must satisfy lender guidelines for income, assets, and credit. For more information, contact Allied Home Mortgage.

To apply for a Jumbo loan, fill out our short prequalification form, or submit an online application, or call us at 503-356-2241.

Allied Home Mortgage offers competitive rates, low fees, and superior service on hundreds of loan programs, including conventional, FHA, VA, and USDA Guaranteed Rural Housing. At the Hillsboro, Oregon branch we are licensed to originate home loans throughout Oregon and Washington. We specialize in financing real estate purchase transactions, including manufactured home land-home packages. We also offer rate and term refinances, cash-out refinances, home equity loans, and construction loans. We welcome applications from first-time homebuyers, borrowers with limited income and assets, and borrowers with damaged credit that have been turned down elsewhere. Click here for more information about us.

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