Programs

Jumbo/Super Jumbo Mortgages

WOne of the loan programs offered by Preferred Mortgage Source is the Jumbo / Super Jumbo Mortgage.

Jumbo Mortgage is a loan greater than the maximum loan amount set by both FHMA and FHLMC, this ranges from $417,000 and $729,750. It is usually done to purchase expensive homes and costly properties.

On the other hand, Super Jumbo Mortgages are loans amounting from $650,000 and above. Both Jumbo and Super Jumbo mortgage have slightly higher interest rates than conventional loans [.25% - .50%] due to the dollar’s appreciation.

Preferred Mortgage Source has a conglomerate of professional lenders and banking institutions that are willing to lend and help.

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