Naples Jumbo Mortgage
Naples Jumbo Mortgages are still readily available in our portfolio. Core Mortgage Financial has several cutting edge products that have taken Naples Jumbo mortgages “by storm”. Were excited to announce a new mortgage product for Naples Jumbo loans and mortgages.
- Foreign National mortgages up to 2M
- 5% down payment up to a loan amount of $1M
- 10% down payment up to a loan amount of $2-3M
- Mortgages up to 7M
- Interest Only Loans
- 30 Year Fixed
- 15 Year Fixed
- Adjustable rate mortgages
- NO PMI options on Jumbo Loans
- COVD-19 has caused investor guideline changes. Please contact our office for "up to date" information
Contact us immediately using our online form to inquire about a Naples Jumbo Mortgage.
A non-conforming jumbo loan is any loan amount above $510,400 for 2020. Collier County limits change annually without notice from the government sponsor enterprises.
Conforming loans $510,400 and below are usually closed by a lender and then sold to Fannie Mae, Freddie Mac, FHA or VA
Naples Jumbo mortgages are not available to be sold to the different government entities listed above. Most Naples Jumbo mortgages are closed by lenders that ultimately use their own funds to close the loan. In turn, Naples Jumbo mortgages can be slighty 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 Naples Jumbo Loan mortgages fixed products have very aggressive rates in the current environment; they usually are .25% higher than the normal conforming limits. Some of our investors have ulta low Jumbo interest rates for high net worth and low loan to value ratios.
The Core Mortgage Financial has a wide variety of portfolio programs 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 Naples Jumbo loan market.
Our Motto is “Exceeding your Expectations”, on every Naples Jumbo mortgage completed!
Please contact one of our licensed loan originators today and discuss Naples Jumbo Mortgages!
If you are seeking to purchase a home in Naples, Florida, we have Naples jumbo loan mortgage brokers are 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 Naples Jumbo Mortgage.
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