Jumbo Loans in New Jersey
There are basically three tiers when it comes to loan amounts.
Throughout most of New Jersey, those tier limits are currently;
- Tier 1: Conforming Loans – loan amounts up to $417,000
- Tier 2: High-Balance Loans – loan amounts from $417,001 – $625,250
- Tier 3: Jumbo Loans – loan amounts of $625,251 and up
A jumbo mortgage loan is designed specifically for higher priced properties requiring mortgage financing in excess of Tier 1 & Tier 2 loan limits above.
Benefits of an American United Jumbo loan:
- Our Jumbo loans do not have a pre-payment penalty
- Both Fixed and Adjustable Rate mortgages (ARMs) are available
- Interest Only feature is available on many of our ARM loans
Find out if a Jumbo Loan is right for you
Call or email a local American United Lending Professional today.