|  Sarasota Jumbo Mortgages are still readily available in our portfolio. Core Mortgage Financial has several cutting edge products that have taken Sarasota Jumbo mortgages “by storm”. I am excited to announce a new lender product for our Sarasota Jumbo loans and mortgages.
- Foreign National mortgages up to 2M
- 20% down payment up to a loan amount of 2M
- 30% down payment up to a loan amount of 3M
- Mortgages up to 5M
- Interest Only Loans
- 30 Year Fixed
- 15 Year Fixed
- Adjustable rate mortgages
Contact us today using our online form to inquire about a Sarasota Jumbo Mortgage.
A non-conforming jumbo loan is any loan amount above $417,000 for 2012. Sarasota County limits were decreased once the economic stimulus act expired late 2011.
Conforming loans $417,000 and below are usually closed by a lender and then sold to Fannie Mae, Freddie Mac, FHA or VA.
 Sarasota Jumbo mortgages are not available to be sold to the different government entities listed above. Most Sarasota Jumbo mortgages are closed by lenders that ultimately use their own funds to close the loan. In turn, Sarasota Jumbo mortgages are a little higher rate than conforming mortgage because the lender ties up their own funds.
Portfolio a loan is when the lender uses their own capital to fund/close the loan. Banks/ lenders usually have investors that require a specific rate of return on their investments in Mortgage Back Securities. (MBS) In turn, the lender uses the investor’s capital to close the loan.
Some portfolio lenders service the loans to increase their margin for the long term profit on the loan. Our new Sarasota Jumbo Loan mortgages fixed products have very aggressive rates in the current environment; they usually are 1% higher than the normal conforming limits...
Core Mortgage Financial has a wide variety of portfolio lenders with very unique and aggressive loan programs. Our fees and rates are extremely low and priced to give our borrowers the best possible deal in the marketplace. We are considered a leader in the Sarasota Jumbo loan market.
Our Motto is “Exceeding your Expectations”, on every Sarasota Jumbo mortgage completed!
Please contact one of our licensed loan originators today and discuss Sarasota Jumbo Mortgages!
If you are seeking to purchase a home in Sarasota, Florida, we have Sarasota jumbo loan mortgage specialists standing by to take your call 24 hours 7 days a week.
Please do not hesitate to call us NOW at (855) 554-CORE
Contact us today using our online form to inquire about a Sarasota Jumbo Mortgage.
Core Mortgage Financial is a licensed Florida Mortgage Broker.
Rates, programs guidelines are subject to change without notice. Please call for a customized loan proposal.
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