Purchasing a luxury home in New Jersey often requires more than a conventional mortgage. That’s where a jumbo loan from Cornerstone Mortgage comes in. If you’re looking to finance a property that exceeds the Federal Housing Finance Agency’s conforming loan limits, a jumbo mortgage loan is your solution. With expert guidance from Cornerstone Mortgage, we help New Jersey homeowners unlock the doors to their dream homes with competitive jumbo loan mortgage rates.
A Jumbo loan is designed for properties that are too expensive for traditional conforming loans. In most counties, the maximum conforming loan limit is $766,550. If your dream home surpasses this limit, a jumbo mortgage loan can provide the financing you need to make it a reality.
Also known as non-conforming conventional mortgages, jumbo loans offer flexible financing options for high-value properties. Since jumbo loans aren’t backed by Fannie Mae or Freddie Mac, they are considered riskier for lenders, but at Cornerstone Mortgage, we specialize in securing competitive jumbo loan mortgage rates and favorable terms tailored to your unique financial needs.
As a New Jersey-focused lender, we understand the unique housing market across Warren, Bernardsville, Madison, Mendham, Morristown, Basking Ridge, Bernards, Chester, Peapack-Gladstone, Bedminster, and other neighboring towns. We are licensed and experienced in navigating the local landscape with ease.
Whether you prefer a fixed-rate mortgage for stability or an adjustable-rate mortgage (ARM) for flexibility, we offer a variety of jumbo loan options to suit your financial goals.
We work diligently to secure the best possible jumbo loan rates for our clients, ensuring that your jumbo mortgage loan is manageable and affordable.
From the initial consultation to the final closing, our team provides personalized, hands-on service to make your jumbo loan process as smooth as possible.
Jumbo loans allow you to borrow beyond the standard conforming limits, ideal for high-value properties.
Choose from fixed or adjustable jumbo loan mortgage rates, depending on your financial preferences and long-term goals.
Perfect for purchasing upscale homes, vacation properties, or investment properties in high-demand areas of New Jersey.
Jumbo loans come with stricter qualification requirements due to the increased risk for lenders. To be eligible, you may need:
A higher credit score (typically 700+).
A larger down payment (20% or more in many cases).
Proof of steady income and assets.
A low debt-to-income ratio.
But don’t worry—at Cornerstone Mortgage, we help you understand the requirements and work with you every step of the way to get you qualified for the jumbo mortgage loan you need.
If you’re ready to take the next step toward purchasing a high-value property in Warren, Bernardsville, Madison, Mendham, Morristown, Basking Ridge, Bernards, Chester, Peapack-Gladstone, Bedminster, or anywhere in New Jersey, Cornerstone Mortgage is here to help. Our local expertise, personalized service, and competitive jumbo loan mortgage rates make us the preferred choice for New Jersey homebuyers.
Contact us today to discuss your options and start your journey to owning the luxury home you’ve always wanted.
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). It allows borrowers to finance properties that are more expensive than what conventional loans can cover.
Jumbo loan rates are often slightly higher than conforming loan rates due to the increased risk for lenders. However, at Cornerstone Mortgage, we work to secure competitive jumbo loan mortgage rates for our clients.
Yes, jumbo loans are available with both fixed and adjustable interest rates. A fixed rate ensures stable monthly payments, while an adjustable rate may start lower but can change over time.
There is no standard cap for jumbo loans. The amount you can borrow depends on the property's value, your financial profile, and the lender’s terms.
At Cornerstone Mortgage, we compare the market to find you the most competitive jumbo loan mortgage rates available, ensuring you get the best deal possible.
