Jumbo Mortgage Loans

At CraterTeam.com we truly are experts on Jumbo Mortgage Loans and we have access to virtually every major Jumbo Mortgage Lender in the country.

We can help you find the Lowest Jumbo Mortgage Rates available to you based on your unique borrowing scenario. Contact us and ask to speak with one of our Jumbo Mortgage Experts to see how much we can save you today!

Whether you want to refinance your jumbo mortgage for a lower jumbo mortgage rate, refinance into a fixed rate jumbo loan for a new home purchase, home equity loan or second mortgage, our purpose is to satisfy your financial needs. By putting you first, we assure you a simple, straight forward jumbo loan process.

Our goal is to make the jumbo mortgage process as simple and worry-free as possible. We pride ourselves in offering the highest level of client service, and appreciate the opportunity to earn your jumbo loan business.

When you are searching for great rate on a jumbo loan or the most competitive jumbo loan rates, look to our experts to give you sound advice on a variety of different fixed jumbo loan and jumbo mortgage ARM programs while taking an objective approach in describing the Pros/Cons of your numerous options. Our vast portfolio of products allows us to offer some of the best jumbo loan rates on the National market. For select states we have a unique jumbo mortgage 80% loan to value program that even has us impressed with the jumbo loan rates and flexible terms for purchase or refinancing a jumbo loan or getting a fixed jumbo mortgage to avoid a jumbo loan ARM adjustment.

We work with more than 100 banks, direct lenders & credit union partners. This allows us to get you the best rates on all types of loan programs including: 30yr jumbo mortgage, 20yr mortgage, 15yr jumbo mortgage, 10yr mortgage, 1yr ARM, 3yr ARM,5yr ARM, Conventional, Jumbo Interest-Only options, Home Equity Lines, VA and FHA. Whether your situation calls for Owner Occupied (Primary Residence), Second Home, Vacation Home, Non-Owner Occupied (Investment Property for Renting Out) or Multi-Family Jumbo Loans, we'll fit your needs!

What is a Jumbo Mortgage Loan?

A jumbo mortgage is a mortgage loan in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender. Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders, allowing them to free up liquidity to lend more mortgages. When FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a "jumbo mortgage". The average interest rates on jumbo mortgages are typically higher than for conforming mortgages. Jumbo mortgage loans may be a higher risk for lenders. This is because if a jumbo mortgage loan defaults, it may be harder to sell a luxury residence quickly for full price. Luxury prices are more vulnerable to market highs and lows in some cases. That is one reason lenders prefer to have a higher down payment or more equity from jumbo loan seekers. Jumbo home prices can be more subjective and not as easily sold to a mainstream borrower, therefore many lenders may require two appraisals on a jumbo mortgage loan.