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Loan Programs
A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits are established annually and represent the maximum amount of money that government- sponsored enterprises like Fannie Mae and Freddie Mac are willing to purchase and guarantee on the secondary market. Jumbo loans are often used by homebuyers purchasing luxury properties or homes in high-cost housing markets. Additionally, they can be used by borrowers who have significant assets but prefer to finance their home purchase rather than paying cash outright.
Down Payment
Jumbo loans often require larger down payments compared to conforming loans. The minimum down payment required is 10%.
Credit Score
Borrowers typically need a good credit score to qualify for a jumbo loan – minimum fico required is 680.
Private Mortgage Insurance
Jumbo loans do not require the borrower to pay private mortgage insurance.
Loan Limits
Loan limits are set by the specific lender – in some cases we go up to $30,000,000.

NMLS #2051275
• www.nmlsconsumeraccess.org

• Licensed by:
o District of Columbia Department of Insurance, Securities & Banking #MLB 2051275
o Florida Office of Financial Regulation #MBR4894
o Maryland Office of Financial Regulation #2051275
o Virginia Bureau of Financial Institutions #MC-7155
• 4Ever Lending USA LLC arranges loans with third-party providers, does not make any mortgage loan commitments or fund any mortgage loans.
• For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.

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