Luxury Home Solutions

Luxury homes typically call for a jumbo mortgage finance.  A jumbo mortgage is a mortgage with a loan amount above the conventional conforming loan limits of $417,000.  However, on February 13, 2008 President George Bush signed an economic stimulus package that temporarily increases the conforming limit to $729,750 until December 31, 2008. Within this loan amount a homeowner can qualify or FHA mortgage financing. FHA financing offers low interest rates with flexible qualifying criteria.

The conforming standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac. Loans above the conforming limits may be offered by seller servicers of these wholesale institutions, as well as Wall Street conduits who provide warehouse financing for mortgage lenders. With mortgage programs over $729,750, Acute Financial Solutions can help you secure a jumbo loan to finance the home of your dreams. We offer various fixed rates and adjustable rate mortgages for loans that exceed the conforming loan amount maximum. Apply online today and you could receive a decision very soon.