Luxury Homes

Jumbo & Super Jumbo Mortgage Loans
 
Financing for High-Value Homes — Loan Amounts Up to $20 Million
Southern California is home to some of the nation's most valuable real estate. When the financing needed for a property exceeds applicable conforming loan limits, a Jumbo or Super Jumbo Mortgage may provide the solution.
 
At MGB Financial Services, Inc, we offer financing options for qualified borrowers purchasing or refinancing higher-value properties.
 

• JUMBO & SUPER JUMBO LOANS UP TO $20 MILLION

• Purchase • Refinance • Primary Residence • Second Home • Investment Options*

• Have a high-value property or a unique financing situation?

CLICK HERE FOR A FREE JUMBO LOAN REVIEW

“Check My Jumbo Loan Options” and “Get Pre-Qualified.”
 
What Is a Jumbo Mortgage?

• A Jumbo Mortgage is a home loan with an amount that exceeds the conforming loan limits applicable to the property.

• Conforming loan limits are established annually and may vary based on the property's location and number of units.

• Because Jumbo loans fall outside standard conforming loan limits, underwriting requirements can differ from those associated with conventional conforming mortgages.

What Is a Super Jumbo Mortgage?
The term Super Jumbo is commonly used in the mortgage industry to describe very large mortgage loans that substantially exceed standard conforming loan limits.
These loans are often used to finance:

• Luxury homes
• High-value Southern California properties
• Custom estates
• Second and vacation homes
• High-value investment properties*
• Unique residential properties
• Large purchase transactions
• High-balance refinance transactions

Need More Than a Traditional Jumbo Loan?
MGB Financial can offer qualified borrowers loan programs up to $20 million.*
Call 562-809-2643 for program details and qualification requirements.
 
Jumbo Loan Programs

• There is no single mortgage program that works for every high-value property or borrower.
• Depending on your qualifications and the programs currently available, financing options may include:
• 15- and 30-Year Fixed-Rate Mortgages
• A fixed-rate mortgage provides payment stability because the interest rate remains fixed for the loan term.

Benefits may include:

• Fixed interest rate
• Predictable principal and interest payments
• Multiple loan-term options
• Long-term payment stability
• No concern about future interest-rate adjustments

A shorter loan term, such as 15 years, generally results in faster principal reduction but a higher monthly principal and interest payment than a comparable 30-year mortgage.
 
Adjustable-Rate Mortgages — ARMs

• An Adjustable-Rate Mortgage may provide a fixed introductory interest-rate period followed by periodic adjustments.
• Depending on the available program, ARM options may include fixed introductory periods such as:
• 5 Years • 7 Years • 10 Years
• ARMs may be worth considering for borrowers who anticipate selling, refinancing, or changing their financing strategy before or after the initial fixed period.
• Because the interest rate can adjust, future payments may increase or decrease according to the terms of the loan.

 
Interest-Only Options

• Certain Jumbo and Super Jumbo programs may offer an interest-only payment period to qualified borrowers.
• During the interest-only period, the required payment generally covers interest and does not reduce the principal balance.
• Once the interest-only period ends, payments generally increase because principal repayment begins and the remaining balance must be amortized over the remaining loan term.
• Interest-only financing may be appropriate for certain borrowers, but the benefits and risks should be carefully reviewed before selecting this type of mortgage.

 
Temporary Buydown Options

• Depending on the transaction and available program, an eligible seller, builder, or other permitted party may contribute funds toward a temporary interest-rate buydown.
• A temporary buydown can reduce the borrower's effective payment during the initial period of the mortgage.
• Common structures may include:
• 3-2-1 Buydown • 2-1 Buydown • 1-0 Buydown
• Availability, qualifying requirements and permitted contributions depend on the specific loan program.

 
Which Jumbo Loan Is Right for You?

• Choosing a mortgage for a high-value property involves more than comparing interest rates.

We can help you consider:
Payment Certainty

• Would you prefer a fixed principal and interest payment, or are you comfortable with an adjustable-rate structure?

Length of Ownership

• How long do you anticipate owning the property?

Cash Flow

• Is minimizing the initial monthly payment important?

 
Available Assets and Reserves

• Jumbo programs may have specific reserve and asset requirements.

 
Income Structure

• W-2 income, self-employment, investment income and other income sources can affect the programs available to you.

 
Property Type and Occupancy

• Your financing options may differ depending on whether the property will be a primary residence, second home or investment property.

Loan Amount

• Higher loan amounts may have additional underwriting, asset, reserve and documentation requirements.

 
High-Value Financing Requires an Individual Approach

• Jumbo borrowers often have financial profiles that don't fit neatly into a standard mortgage box.
• Your complete financial picture matters.

 
At MGB Financial Services, Inc, we can review your:
Income • Assets • Credit • Reserves • Property • Occupancy • Loan Amount • Financing Goals and help identify available mortgage programs appropriate for your situation.
 
Buying or Refinancing a Luxury Property?

• Let's Review Your Options.
• Whether you need $1 million, $2 million, $5 million, $10 million or financing up to $20 million, let us review the programs currently available for your transaction.*

 

• CLICK HERE TO FIND OUT WHICH JUMBO PROGRAM YOU MAY QUALIFY FOR
• GET PRE-QUALIFIED
• REQUEST A CONFIDENTIAL JUMBO LOAN REVIEW

or call
562-809-2643
MGB Financial Services, Inc
30+ Years of Mortgage Experience
Jumbo • Super Jumbo • Conventional • FHA • VA • Purchase • Refinance
California Properties
 
Important Disclosure
Loan programs, terms and maximum loan amounts are subject to change and availability. Financing up to $20 million is subject to applicable program guidelines, borrower qualification, credit, income, assets, reserves, property eligibility, appraisal and underwriting approval. Not all borrowers or properties will qualify. Interest-only and adjustable-rate mortgage products involve additional risks, including possible increases in future monthly payments. Submission or receipt of an application does not constitute loan approval or a commitment to lend. This information is provided for general informational purposes only.