{"id":1106,"date":"2014-02-11T22:37:32","date_gmt":"2014-02-11T22:37:32","guid":{"rendered":"http:\/\/www.guardianmtginc.com\/?page_id=1106"},"modified":"2014-03-24T01:26:40","modified_gmt":"2014-03-24T01:26:40","slug":"jumbo-mortgage-loans","status":"publish","type":"page","link":"https:\/\/www.guardianmtginc.com\/?page_id=1106","title":{"rendered":"Jumbo Mortgage Loans"},"content":{"rendered":"

Jumbo Mortgage Loans<\/span><\/h1>\n

\"NEW<\/p>\n

Jumbo Home Loans<\/span><\/h2>\n

At Guardian Mortgage Inc, we know that owning the home of your dreams begins with securing the right type of loan. That\u2019s why we specializes in large balance mortgages, including jumbo loans and super jumbo loans. We \u00a0proudly offer jumbo loans with a variety of mortgage options to suit the individual needs of our many customers.<\/p>\n

What makes a loan jumbo?<\/span><\/h2>\n

A loan is considered a jumbo if it exceeds what is known as the conforming loan limit. The current conforming loan limit for a single-family home is $417,000 \u00a0and high balance limit for state of Virginia is $625,500.<\/p>\n

How are jumbo loans different?<\/span><\/h2>\n

Qualifying for a jumbo loan usually requires lower Glossary Term: debt-to-income ratios Information Panel, higher Glossary Term: credit scores Information Panel, larger Glossary Term: down payments Information Panel, and higher Glossary Term: reserves Information Panel (or emergency funds) than conforming loans. Jumbo loans can also have higher interest rates compared to a conforming loan. Differences vary by lender, so ask yours to provide you with their specific jumbo loan costs and requirements.<\/p>\n

If you are considering a jumbo loan, talk to our highly trained mortgage professional. Together, we can discuss different scenarios to see if it makes sense for you to save for a larger down payment before you buy, get two loans, or take out a jumbo loan.<\/p>\n

Key Benefits of Jumbo Mortgage Loan:<\/span><\/strong><\/h4>\n