What is a Jumbo Refinance loan?

A Jumbo loan, also known as a Jumbo Mortgage, is any loan amount greater than the conforming loan limit which is currently at $453,100. Certain areas are deemed high-cost areas and the conforming loan limit is $679,650. The conforming loan limits are set by Fannie Mae and Freddie Mac so amounts exceeding these limits require a Jumbo Mortgage.

Is a Jumbo refinance right for me?

If you need a loan above the conforming limits then a jumbo refinance is for you.

  • 30 year & 15 year loans
  • Low fixed rates
  • ARM loan options available
  • ≥680 credit scores ok
  • Cash-out up to $250,000
  • Finance up to 75% loan-to-value
  • Maximum loan amount of $2,500,000 for primary and secondary homes, $1,000,000 for investment properties

How do I get a Jumbo refinance loan?

Once you have decided a jumbo refinance loan will fit you best, contact us and speak with a Carrington loan officer. We will be happy to answer any questions and walk you through the application process. Call (888) 267-0584 or click here to start now.