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Jumbo Loans

Mortgage options for higher-priced homes

When the loan amount is greater than the conforming limit set by Fannie Mae and Freddie Mac, look for a Jumbo Mortgage loan. Armed Forces Bank offers competitive rates and trusted advisors to help answer any questions along the path to your dream home. 

Increase your homebuying power with a Jumbo Mortgage Loan from Armed Forces Bank. Jumbo Loans offer a great way to finance properties with loan amounts that exceed conforming loan limits. Qualification requirements for income, credit history and assets may be higher than traditional conventional loans. We offer financing options up to $3 million with customizable terms and rates to meet your mortgage needs. Our expert Mortgage Loan Officers can help you navigate your journey to home ownership.

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Jumbo Loan Features

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What You Need to Know about Jumbo Loans

A Jumbo Loan allows borrowers purchasing higher priced homes to not drain their savings by allowing loan amounts in excess of $766,550 in 2024. Jumbo Loans may require a 20% down payment and good or excellent credit history.

There are several factors that affect whether you might require a Jumbo Loan:

  • The value and location of your home
  • The amount of your down payment
  • The possibility of obtaining two mortgages

Explore potential costs, savings, and loan amounts with our Mortgage Financial Calculators.

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