Jumbo Mortgage Loans in short:
At Bank of England Mortgage, our specialty is funding the dream of homeownership - no matter the size of the loan or dream
For that matter that's why we created our jumbo mortgage lending program - a full suite of offerings designed with the needs of borrowers that seek larger loan amounts than were available through traditional lending options.APPLY NOW!
Similar to conventional mortgages, jumbo loans can be obtained at a 30, 15 fix rate or adjustable rate term of 3/1, 5/1, 7/1 or 10/1 ARM. The interest rates on a jumbo loan are slightly higher due to the added lender/bank risk. However, the interest rate gap has been decreasing as the housing market continues to stabilize and available liquidity returns.
No PMI (Monthly Mortgage Insurance) requirements
Both 80/15 combo loans and single 95% LTV jumbo loan offered – along with an array of 90%, 10% down payment options.
FHA 203(h) loans offers several features that make homeownership easier including no required down payments, up to 100 percent financing.
Get pre-approved today with Bank of England MortgageClick Here!