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 have specific requirements such as higher interest rates, stricter underwriting criteria, and larger down payments. Available for primary residences, second homes, or rental properties, these loans can be structured as fixed-rate or adjustable-rate mortgages, including options for VA loans and renovation loans. Consult with a Fairway mortgage advisor to determine if a jumbo loan aligns with your financial goals and property aspirations.
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