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Loan ProgramsChoice Jumbo Mortgage Finance Repurchase/Rate and Term RefinanceProperty Preprimary Residence Max Loan AmountInvestmentMax Living Filofax Living FICO80%720 N/AN/A70075%720 N/AN/A80%72070%720 N/AN/A80%74075%72065%720 N/AN/A65%$7001,000,00065%700 N/AN/AN/AN/A$1,500,00060%720 N/AN/AN/AN/Max
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How to fill out a choice jumbo mortgage:

01
Gather relevant financial documents: Start by collecting all necessary financial documents, such as bank statements, pay stubs, tax returns, and proof of assets. These documents will be required during the application process.
02
Understand the loan requirements: Research and understand the specific requirements for a choice jumbo mortgage. This may include a higher credit score, a large down payment, and a low debt-to-income ratio. Familiarize yourself with the lender's criteria to ensure eligibility.
03
Find a reputable lender: Research and compare different lenders that offer choice jumbo mortgages. Look for lenders with a good reputation, competitive interest rates, and flexible terms. Consider getting pre-approved to understand the loan amount you qualify for.
04
Submit the application: Once you have selected a lender, fill out the mortgage application accurately and completely. Ensure that all information provided is valid and up to date. Double-check the application before submitting it to avoid delays or complications.
05
Provide supporting documentation: Along with the application, provide all the required supporting documents as per the lender's instructions. This may include identification proof, income verification, asset statements, and any other specific documentation requested.
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Wait for the lender's decision: After submitting your application and supporting documents, the lender will review your information and make a decision. This may take some time, so it is important to be patient during this stage. The lender will notify you of their decision and any further steps required.

Now, let's address who needs a choice jumbo mortgage:

Who needs a choice jumbo mortgage?

01
High-income individuals: Choice jumbo mortgages are designed for borrowers who have a high income and can afford larger loan amounts. These mortgages are suitable for individuals with substantial financial stability and the ability to make larger monthly mortgage payments.
02
Homebuyers in expensive housing markets: Jumbo mortgages are commonly used in high-priced housing markets where conventional loan limits are insufficient to purchase a property. Homebuyers in such markets may require a choice jumbo mortgage to finance their dream homes.
03
Investors in luxury real estate: Some individuals may invest in luxury properties as part of their real estate portfolio. In such cases, a choice jumbo mortgage can provide the necessary funding to acquire high-end properties and potentially generate significant returns on investment.
Remember, the decision to apply for a choice jumbo mortgage should be based on your specific financial situation and goals. It is essential to consult with a financial advisor or mortgage professional to assess your eligibility and determine if this type of mortgage is suitable for your needs.
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