})(); Jumbo Loans, Jumbo Mortgage Programs - ALCOVA Mortgage
Nice colonial style home
Nice colonial style home

Jumbo Loans

“I plan on buying a house in a high-priced area.”

  • 10% minimum down payment
  • Fixed and adjustable rate loans for loan amounts over the conforming loan limit
  • For primary, second homes and investments
  • Less than perfect credit accepted
  • No mortgage insurance

A Jumbo Loan benefits those in the market for a high-priced property without the ability to pay cash as well as buyers interested in an investment property or second home.

Home prices have shot up in some areas of the U.S. to the point where buyers need jumbo loans to finance them. Jumbo mortgages are meant for houses that exceed the dollar amount loan-servicing limits put in place by GSE’s Freddie Mac and Fannie Mae. This makes them non-conforming loans. Borrowers can get fixed- or adjustable-rate jumbo mortgages with various term options.

Shop Loans

Discover all of the mortgage options, and find the loan that fits your needs!

Home Buyer Tools

Get all the knowledge and resources you need to buy and maintain a home.

Calculators

Feel like crunching some numbers on your own? Check out our mortgage calculators!

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Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011

Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011