Houston Jumbo Lender

Jumbo Mortgage Loans in Houston, Texas

Jumbo Mortgage Lender Houston, TexasHouston Jumbo Mortgage – jumbo loans for the greater Houston area and to borrowers in most states. Jumbo loans Houston include in-house jumbo lending to $2 Million, Jumbo ARM mortgage to $5 Million and Super Jumbo Houston Mortgage for loans greater than $5 Million. If you have Houston jumbo mortgage questions, contact Houston Mortgage today!

 

What is a Houston jumbo loan?

A Houston jumbo loan is also called a non-conforming loan. Houston jumbo mortgages have loan amounts exceeding the conventional loan limit, which is $417,000 in Houston, Texas but the limit can be higher ($625,000) in some “high cost” areas of the country, such as Hawaii and Alaska. The Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines determines the conventional loan limit.

 

At what level are current Houston jumbo mortgage rates?

Current jumbo mortgage rates are at record-setting low levels. Many different types of jumbo loan products are available with great jumbo mortgage rates and low fees. There is no cost to apply. Jumbo loan products are offered for houses AND condos. Call now: (800) 308-8503 or (281) 305-9375 to get today’s current jumbo mortgage rates or use the contact form to the right.

 

What refinancing options are available for jumbo loans in Houston, TX?

Yes, there are many different refinancing loan products for jumbo loans. Current Houston mortgage rates are at record-setting lows. To find out how much you could save by refinancing your Houston jumbo mortgage, use the contact form or call now: (800) 308-8503 or (281) 305-9375.

 

Can I get a jumbo loan for my primary residence?

Absolutely! Jumbo mortgages are available for primary residences and second homes. If you have questions about your particular situation, call now (800) 308-8503 or (281) 305-9375 or use the form to the right.

 

Is a down payment required for Houston jumbo loans?

Yes, a down payment is required for Houston jumbo loans. However, there are creative solutions for Houston jumbo borrowers, such as Pledged Asset Programs. To learn more call now: (800) 308-8503 or (281) 305-9375 or use the contact form to the right to get today’s current jumbo mortgage rates.

 

Are Houston jumbo mortgage rates higher than conventional mortgage rates?

Most often, the jumbo loan mortgage rates are slightly higher than interest rates for conforming mortgage loans in Houston, Texas. The reason jumbo mortgage rates are often higher than for conventional loans with smaller loan amounts is the Houston mortgage lender takes a higher risk by holding a higher mortgage note. If the borrower were to default on the Houston jumbo mortgage, the Houston mortgage lender is likely to have more difficulty reselling a luxury home listing in Houston. Moreover, expensive homes in the luxury market can be more susceptible to the highs and lows of the Houston housing market.

 

Can I avoid paying for Private Mortgage Insurance (PMI) on my Houston jumbo loan?

It is possible to remove or avoid maintaining PMI if your loan-to-value ratio (LTV) is under 80%.* Another possibility is for you to split your loan amount into two loans to avoid the PMI for the larger, primary mortgage. Our Houston jumbo loan experts stand by to answer questions about your particular situation. Call now (800) 308-8503 or (281) 305-9375 or use the form to the right.

 
To contact a Houston jumbo mortgage expert, use the contact form to the right or call (800) 308-8503 or (281) 305-9375.
 

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Copyright © 2017 PrimeLending, A PlainsCapital Company. PRIMELENDING NMLS ID: 13649. All rights reserved. 810 Hester's Crossing, Suite 150 | Round Rock, Texas 78681. The material provided in this mortgage website is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the website cannot be reproduced for any use without prior written consent. The material does not represent the opinions of PrimeLending, A PlainsCapital Company.

All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender.

In accordance with Section 326 of the USA PATRIOT Act of 2001, PrimeLending is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. * These summaries are based on a $125,000 loan amount, on a loan term of 360 months, with an interest rate of 4.00% and an annual percentage rate of 4.13%