Jumbo Loan - Jessica Fritts - Lake Oswego, OR

Jessica Fritts
NMLS# 502139
Lake Oswego, OR Loan Originator
Jessica Fritts, Loan Officer in Lake Oswego, OR
Jessica Fritts
Go to Jessica's PageJessica Fritts, Loan Officer in Lake Oswego, OR
4823 Meadows Rd
Ste 129
Lake Oswego, OR 97035
NMLS# 502139
Licensed to originate: CA, OR, WA
Day of the WeekHours
Mon8:00 AM - 5:00 PM
Tue8:00 AM - 5:00 PM
Wed8:00 AM - 5:00 PM
Thu8:00 AM - 5:00 PM
Fri8:00 AM - 5:00 PM

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About Jumbo Loans

Jumbo loans provide an opportunity for buyers to finance luxury homes or properties in hot real estate markets. A jumbo loan is a type of mortgage that exceeds limits set by the Federal Housing Finance Agency (FHFA). You can look up current limits on the FHFA’s website. Loan limits vary by county and state, and can change annually, so it’s important to understand the limits for your area.
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How to Qualify for a Jumbo Mortgage

Non-traditional loan terms

High Loan Limits

Low Interest Rates

Jumbo loans require the lender to take on greater risk because of the amount of capital involved, as well as the more limited market potential of buyers. As such, many lenders have stricter qualifications. Some of the most common qualification requirements for jumbo loans include higher down payment amounts, a higher credit score, and a stronger debt-to-income ratio than other types of loans. You’ll also need to provide more documentation if you are self-employed or have varying sources of income. Additionally, your lender will want to look at how much cash you have on hand to ensure you have an available reserve of mortgage payments available.

Loan limits in Lake Oswego, Oregon

Non-conforming loans are used when the loan amount is above the conforming loan limit for the property’s area. You can look up the conforming loan limits for your area.
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Frequently Asked Questions