Jumbo Loan in Minneapolis, Minnesota
Are you ready to purchase your dream home but don’t have the money to bring the mortgage down to conforming limits? No need to worry, American Equity Mortgage offers an affordable jumbo loan program that is designed for specific situations like this. In Minnesota, the current conforming loan limit is $424,100 so if you’re looking to purchase a home over that price, a jumbo loan is the perfect mortgage option.
Jumbo Loan Benefits & Features*
- Purchases up to 90% LTV
- Rate & Terms 90% LTV
- FICO’s down to 680
- Fixed, ARM, and interest only ARMs available
- First time home buyers are permitted - Max LTV on Cash Out is 70%
- Loan amounts up to $3M on single family primary residence in most states
If you found your dream home or the perfect home that just happens to be located in a highly priced neighborhood, American Equity Mortgage will work with you to find the best jumbo loan solution for your situation. We understand that timing is important so we will make sure to close your loan as quickly as possible. Contact American Equity Mortgage and see if you qualify for a competitive interest jumbo loan in Minneapolis.
American Equity Mortgage serves Minneapolis and the surrounding metro areas including, but not limited to: St. Louis Park, Longfellow, St. Paul, Roseville, Columbia Heights, Crystal, Golden Valley, and Edina.
* Guidelines may vary by geographic location