Super Jumbo Loans

Super Jumbo Loans for Luxury Homes

When it comes to high-value mortgages for the many luxury homes in Orange County, super jumbo loans are the answer. These conventional mortgages are available for the purchase of homes that exceed both conforming jumbo loan limits. Though no official minimum and maximum exists, super jumbo loans typically are valued between $1 million and $5 million. Only the most qualified candidates are eligible for this type of home financing, and only the most powerful lenders provide them. At West Coast Realty Services, we’ve created long-term relationships with top lenders across the country. If you are interested in purchasing, building or renovating a high-value home in Lake Forest, Anaheim, Santa Ana, or nearby California, you deserve premium treatment from a local professional. Contact us to schedule a consultation about super jumbo loans today.

Solutions for Loans that Exceed Conforming Limits

In Orange County, jumbo loans (also known as nonconforming loans) are mortgages valued at $679,650 or more. The jumbo loan limit is defined by mortgage giants and government-sponsored entities (GSEs) Fannie Mae and Freddie Mac, who purchase mortgages in bulk from private lenders. These GSEs deem loans that exceed this limit too risky, which means the lenders that provide them keep the loans on their own books. Super jumbo loans are a subdivision of jumbo loans that exceed $1 million in value.

You can use this type of mortgage to finance a primary residence, secondary or vacation home, and even a commercial or real-estate investment property. They can be used for purchase or renovation. We also offer super jumbo loan rate-and-term and cash-out refinancing options.

The Basics of Super Jumbo Loans

We offer fixed-rate, adjustable-rate, and interest-only super jumbo loans to satisfy different clients’ needs. Typically, super jumbo loans require at least 20% down payment, though we can use junior loans to roll up to 10% of that cost into your mortgage portfolio. Our lenders have quite strict requirements when it comes to super jumbo loans. Most eligible candidates have excellent credit scores, with no late payments in the past three years, and low debt-to-income ratios. Many of our borrowers have non-traditional income or are self-employed. If you’re in this category, you’ll need to provide bank statements, profit and loss statements from your business, and other documentation to improve your chances for approval.

As Orange County is a highly affluent county, we have more high-value homes than in many other parts of the country. We have several real-estate agent and Realtor colleagues in the area who can help you find only the homes that meet your needs. Our skilled mortgage professionals will coordinate with your real-estate agent during key milestones in the offer and closing processes.

A Partner in Home Financing

If you’re looking at high-value homes in Lake Forest, Anaheim, or Santa Ana, you need a mortgage broker who can provide concierge service. West Coast Realty Services has the lending power and local expertise to help you navigate the luxury home buying experience. Contact us for a consultation and to get a free quote.