Jumbo Construction Loan

What to know about Jumbo Construction Loans

A Jumbo Construction Loan is needed when the home you're building surpasses the conforming loan limit. Conforming loan limits vary by the county and state you live in so be sure you're working with a trusted jumbo construction loan expert. Since jumbo construction loans have high loan amounts, they do come with different requirements than a traditional conforming construction loan.

There are many benefits with a jumbo construction loan, including: financing available up to $2 million; the convenience of one loan for the entire loan amount instead of having multiple mortgages; competitive pricing and more.

Is a Jumbo Construction Loan right for you?

Here’s a few things to consider:

Used on Primary and Second Homes
Credit score requirements
1-time and 2-time close available
Mandatory Escrows
Reserves required
Lower Down payment

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Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property

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