Hunter Creek Mortgage

Jumbo Loan

We'll help you know your Jumbo Loan options today.

Jumbo Loans are loans that exceed the conforming loan limit set by Fannie Mae and Freddie Mac. In Idaho the Jumbo loan amount varies by county, but in the majority of counties it is an loan amount that exceeds $453,100. 

 The main advantage of a Jumbo loan is that it allows you to finance a large home purchase with one loan.  In some areas it is essential since the homes can become very expensive. With the increase in home prices in Ada county the Jumbo loans amounts have been increasing to allow buyers greater flexibility when making large home purchases.

Jumbo loans are much harder to get because they have a lot more eligibility requirements. Many lenders require a credit score over 700, a Debt to income ratio under 43% and 6-12 months of reserve funds. Sometimes there are even stricter underwriting requirements, such as requiring two appraisals of the property.

If you are looking for a Jumbo Loan in Boise, Meridian, Caldwell or anywhere in Idaho  please contact us at Hunter Creek Mortgage.

Buy a Home

We would love to help you get a loan for buying a home. Please provide your contact details below, and we’ll get in touch with you very soon! Thank you.

Refinance a Home

We would love to help with your home refinance loan. Please provide your contact details below, and we’ll get in touch with you very soon! Thank you.

Home Loan Inquiry

We would love to answer any loan questions you might have. Please let us know a few details, and we’ll get in touch with you soon! Thank you.