Mortgage Loan Options
It is important that you understand the features of your loan program and be sure that the bank rates and payment terms meet your financial needs. We can assist you in that determination.
Non Conforming Loans
Jumbo or Non Conforming loans exceed the loan thresholds set by Fannie Mae and Freddie Mac. Currently that limit is set at $417,000, however, there are certain “high cost” areas around the country that qualify for a temporary increase up to $625,500. Washington DC, Northern Virginia and parts of Maryland qualify for this increase. Therefore in this area, we are able to finance jumbo loans from $625,500 all the way up to $4,000,000. Jumbo loans can be fixed or adjustable rate mortgages (ARMs).
In Delaware, the max conforming limit is capped at $417,000.