Super Jumbo Loan
Super Jumbo loans typically offer much higher loan amounts than traditional mortgages. While the maximum loan amount for a traditional mortgage is generally around $510,400, super jumbo non-QM loans can be for much higher amounts, often reaching into the millions of dollars. This makes them a good option for borrowers who are looking to finance a high-value property, such as a luxury home or a large commercial building.
One of the potential drawbacks of super jumbo non-QM loans is that they often come with higher interest rates than traditional mortgages. This is because these loans are considered to be riskier by lenders, due to the lack of strict underwriting guidelines. However, for borrowers who are able to qualify for a super jumbo non-QM loan, the higher loan amounts and more flexible qualification standards can make them a good option.
Overall, super jumbo non-QM loans are a viable financing option for borrowers who are looking to purchase or refinance a high-value property, and who may not qualify for a traditional mortgage. While these loans may come with higher interest rates, they can provide access to the financing that is needed to purchase or refinance a high-value property.
Why Should You Choose Us?
We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.
Our Core Investing Service
Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.
States We Lend In
Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.