Jumbo Loans

No matter what type of mortgage you need, MCA is here to help and you can count us for home loans made easy. Ranging from $417,001 to $2,000,000 jumbo mortgages allow buyers the option to either purchase or refinance the home of their dreams.

If you are looking for a home that is higher than the cap set by Freddie Mac or Fannie Mae, then you will be looking for jumbo loans to cover your financing. In your area, the average house may cost more than the cap set by Freddie Mac or Fannie Mae. The only option open to you may be a jumbo loan. This is true in major metropolitan areas like New York or Los Angeles. If you are ready to take a jump into the jumbo loan pool, then there are some great advantages that you will have. A bigger home, better credit, and less down are just some of the attractive aspects to getting into your non traditional loan.

Let us help you evaluate your personal situation and assist you in finding the right loan program that works best to meet your individual goals and needs.

Why Should You Choose MCA?

• Customer Satisfaction is Our Priority!
• Competitive Rates & Fees
• Timely Closing
• Over 25 Years of Experience You Can Count On
• Mortgage Capital Associates, Inc. (MCA) is Ranked Among the Highest in Customer Satisfaction for Primary Mortgage Origination.

Apply Online today! Our streamline loan process can provide the foundation for a quick close and successful home ownership. Contact our office and talk to one of our mortgage experts for more information on how to get the lowest rates ever!

Benefits on jumbo loan:

• You can obtain financing for loan amount up to $2 million.
• Provides the convenience of one loan for the entire loan amount and the choice of a variety of loan options
• Second homes up to 80% LTV(Loan-to-value) ratio.

Considerations:

• Interest rates are usually higher on jumbo mortgage loans than on conforming loans with lower loan amounts.
• If you choose an interest-only option, you cannot build equity through monthly interest-only payments without making voluntary principal payments during the interest only peiord.

With a 30 year fixed rate mortgage, you would have a lower monthly payment compared with a 15 year fixed rate mortgage, but you’ll pay more interest over the term of the 30 year loan. Depending on what you can comfortably afford for a monthly mortgage payment, a 30 year fixed rate mortgage might be a better fir for your budget.

Let us help you evaluate your personal situation and assist you in finding the loan program that works best to meet your individual goals and needs.

Whether you’re a first-time homebuyer looking to get an overview, or need of a pre-approval, our mortgage specialist can help you every step of the way.  Start your customized rate request now and receive our fees worksheet with loan details of a home loan custom-fitted to your needs! It only takes a couple of minutes to find out. Explore the full range of home loan options available to you at no obligation