Jumbo Loans in Knoxville
Is a Jumbo Loan Right for You?
A jumbo loan is a type of loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2021, the limit is $548,250 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $822,373. Financing is higher for a jumbo loan and interest rates tend to be a bit higher on jumbo loans due to the lenders taking on higher risk.
John Fleming of People’s Home Equity is here to make the jumbo loan process a whole lot easier, with tools and expertise that will help guide you along the way.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
Refinancing a Jumbo loan? We can help with that too.
The Jumbo Loan Process:
- Connect with John to gather initial information about you
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Why a Jumbo Loan?
There are many benefits to a jumbo loan, including: financing available up to $2.5 million, the convenience of one loan for the entire loan amount instead of having multiple mortgages for different amounts, competitive pricing, and many more.
We proudly help customers in Knox County, Hamblen County, Anderson County, Union County, Sevier County, Blount County and more.
Let us help find the right mortgage for you and your family.