Michigan Jumbo Loans
from Locked-IN Lending, LLCAt Locked-IN Lending, LLC, we offer jumbo mortgages in Michigan for home loans that exceed maximum conventional loan limits established by Fannie Mae and Freddie Mac. Jumbo loans are used by buyers you are purchasing and financing higher priced and luxury homes, or those homes in markets with higher-housing cost. For 2020, jumbo loans are those over $510,400. Because these types of loans are riskier for lenders, they typically have a higher interest rate and require a higher down payment than traditional loans.
Not all mortgage brokers in Michigan offer jumbo loans. Locked-IN Lending, LLC is different from other brokers in many ways, including the fact that we do offer our customers the ability to obtain a jumbo loan mortgage. Whether you’re buying a home in Macomb County or Oakland County, we can help you buy it. We will find you the lowest down payment, lowest rate, or lowest mortgage payment available.
Michigan Jumbo Mortgage Loan Features
- 3, 5, 7, 15, 30, and 40 year mortgage options
- Purchase loans available
- Refinance cash out options available
- Primary residence, second home, vacation home and investment properties are eligible
- First time homebuyers are eligible
- Available in Macomb County
- Available in Oakland County
- Available throughout Michigan
Get the right mortgage for you Locked-IN today.