Prepare For Jumbo Mortgage

10 Ways to Prepare for a Jumbo Loan Approval

This page updated and accurate as of 03/28/23 National Mortgage Leave a Comment

A jumbo loan is a mortgage with an amount greater than the local conforming loan limit. These conforming limits can change each year when the Federal Housing Finance Agency, or FHFA, compares the … [Read more...] about 10 Ways to Prepare for a Jumbo Loan Approval

Purchase price

Please enter here the amount you expect to pay for a home.

Down payment

Down payment is cash that you pay upfront for your home.

Term in years

Number of years you have to pay.

year(s)

Interest rate (per year)

The percentage of interest that you will pay on your mortgage for a specific term.

Property Tax

Enter your property tax here if you know it.

per year

Home Insurance

Most lenders require home insurance. Enter its price here.

per year

PMI

PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.

Calculate