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Jumbo Home Mortgage Loan Michigan

Get a great interest rate with our Michigan Jumbo Mortgage program. We can also refinance your current Michigan Jumbo Mortgage. Apply online or call one of our Michigan brokers toll free at 855-529-5222

  • Jumbo mortgages are categorized as loans in excess of $322,700.00 for single-family residences
  • Fixed rate loans always vary in price between conforming and jumbo loan amounts
  • Available up to 4 million dollars
  • Construction, purchase, refinance or refinance with cash-out O.K.
  • We are luxury home specialists!

The interest rate on our Jumbo Mortgages are nearly as low as our conventional programs. Another way to get the best rate is to consider an ARM. These are frequently much lower, depending on short term rates. Jumbo Mortgages are our specialty!

Home loans are classified in a wide variety of ways. They can be classified by the amount, whether the interest rate can be adjusted or not, the length of the payback period and so on.

A Jumbo Mortgage is a mortgage with a loan amount above conventional loan limits. These apply when agency (FNMA and FHLMC) limits don't cover the full amount. Fannie Mae (FNMA) and Freddie Mac (FHLMC) are large agencies that purchase the bulk of residential mortgages in the U.S. They set a limit on the maximum dollar value of any mortgage which they will purchase from an individual lender. Currently, this limit is $359,650. This leaves a portion of the market to look elsewhere for placement. Other large investors, such as insurance companies and banks, step in to fill the need with maximum mortgage amounts going to the one million or two million dollar range. The average interest rates are typically greater than normal for conforming mortgages, and vary depending on property types and mortgage amount.

Given the higher risk from the perspective of the lender, you can expect to be treated a bit differently. In this case, lenders are going to charge higher interest rates than you would be able to get with conventional financing. Before you panic, keep in mind we are talking about a quarter of a point in interest. For example, a conforming loan for $300,000 may have an interest rate of 5.5 percent whereas the same borrower will have to pay 5.75 percent if they borrow $800,000

Here are just a few examples of our jumbo loan programs:

Fixed Rate - Fixed rate mortgage in a variety of terms up to $2,000,000 loan amount.

One Year Treasury ARM - One year adjustable rate mortgage that adjusts annually for loan amounts to $3,000,000.

3/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first three years and adjusts annually afterward.

5/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first five years and adjusts annually afterward.

7/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first seven years and adjusts annually afterward.

We know you will find the services offered here helpful and the finance programs not only convenient, but very competitive. With some of the best mortgage rates available, it is our goal to help you cut through the clutter and noise in the mortgage marketplace so you can quickly and efficiently find the financing that meets your objectives and fits your lifestyle. Call 855-529-5222 or apply online to get started.



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