Super Jumbo Loans

Any mortgage home loan in the excess of 1 million - 10 million is considered a Super Jumbo Loan. Most millionaires take out these mortgages to enjoy the tax write offs. These types of mortgages help to purchase high end homes such as vacation homes, lakefront houses, beach homes, upscale condos, luxury homes, and investment properties.

All Super Jumbo loan underwriting guidelines will vary per Super Jumbo lender. Most Super Jumbo mortgage lenders required 20-30% down which varies by loan amount. Super Jumbo mortgage rates are generally higher than your normal Jumbo Loans.