Go Bigger With a Jumbo Loan
Finance high-value homes that exceed standard loan limits.
Ideal for luxury properties, competitive markets, and buyers who need more borrowing power.
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds conforming loan limits set by Fannie Mae and Freddie Mac (currently $766,550 in most areas). It’s used to buy or refinance high-priced homes that need more than standard financing.
How It Works
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Who Uses Jumbo Loans?
These loans are popular among buyers in high-cost markets, investors or self-employed borrowers with strong financial reserves, second-home or vacation property buyers, and high-income earners looking to purchase luxury homes.
Why High-End Buyers Choose Jumbo Loans:
🏠 Buy homes above standard limits
📉 No mortgage insurance in many cases
💼 Ideal for self-employed or high-income earners
📊 Customize with fixed or ARM terms
🌍 Great for vacation or multi-property buyers
Jumbo Loan FAQs
Q: Is mortgage insurance required?
Usually not, even with less than 20% down—but lenders may require strong credit.
Q: Are interest rates higher?
Sometimes slightly, due to increased lender risk—but rates can be competitive.
Q: Can I use it for a second home or investment property?
Yes! Jumbo loans can be used for primary, secondary, or investment properties.
About Us
At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish.
Company NMLS: 411500
Equal Housing Opportunity
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Disclosures and License Information
Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))