A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications.
Jumbo Loan Limit primary residences and second homes ranging from $511,000 to $3,000,000.
Low interest rates with attractive terms
First United Bank is a community bank, we they can independently keep jump loan rates low.
Faster loan approval
Loans are approved in-house therefore you get quick, efficient service so you won’t have to wait. All decisions are made in-house.
Exceptional service from people you know
First United Bank’s Mortgage Loan Consultants are all members of your community. Your loan experience will always be fast, local and personal.
This is not an offer for extension of credit or commitment to lend. All loans subject to program guidelines and final underwriting approval. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only.
Approximate Timeframes for Closings
(These are subject to change based on individual loans)
Purchases – Approximately 30 days
Construction – Approximately 45 days
Refinance – Up to 120 days