Explore the possibilities of purchasing high-value properties with a Jumbo Mortgage Loan from Fairway Independent Mortgage Corp. This loan type is ideal for properties that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA), catering to homes valued at $800,000 and above. Jumbo loans require a higher down payment and come with stricter underwriting criteria, including a higher credit score. They are available in various forms, including fixed-rate, adjustable-rate, and even as VA or renovation loans, making them versatile for different purchasing needs. Whether for primary residences, second homes, or rental properties, a jumbo loan could be your pathway to owning a luxurious home.
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