Jumbo Mortgages/Adjustable Rate Loans
Similar to conforming loans, a “Jumbo Loan” mortgage allows loan amounts to exceed the limits set by the Office of Federal Housing Enterprise Oversight (OFHEO), and therefore are not eligible to be purchased, guaranteed or, securitized by Fannie Mae or Freddie Mac. The conforming limit is $647,200 in most areas. Rates are typically slightly higher and qualifying standards are stricter than conforming loans.
Jumbo loans are loans that range from $647,200 up – Contact a CCNB representative for rates.
Ready to begin?
To use our secure online portal, you’ll first establish a user name and password. After completion, you can begin a new application, resume an existing application, upload documents, accept electronic disclosures, and more, when it’s convenient for you.
Not sure where to start?
CCNB’s mortgage specialists will use our ‘We Can Do That!’ spirit to help you get moving!
Here are some additional resources, especially for first-time homebuyers:
• The Mortgage Process
• Tips for first time home buyer
• Tips Every Home Buyer Should Know
Have more questions? No worries, we have answers!
Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.
- All loans subject to credit approval.
