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 for primary residences, second homes, or rental properties, and can be obtained as fixed-rate or adjustable-rate mortgages. Consult with a Fairway mortgage advisor to determine if a jumbo loan aligns with your financial goals.
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