Need a big loan for a big property?
When a loan amount reaches a certain point, Jumbo Loans can offer high-end financing that a traditional loan can’t.
First Class Mortgage provides jumbo loans for single-unit properties that exceed $417,000 in Minnesota, North Dakota and beyond. We offer 15- and 30-year fixed rate mortgages as well as ARMs with affordable interest rates and down payments. While jumbo loans vary from lender to lender, loan amounts higher than $1.5 million usually mean loan-to-value (LTV) percentages lower than 90%.
With a jumbo mortgage, you’ll get great rates for your big loan. With a choice between fixed or adjustable rates, our jumbo loans offer maximum flexibility for home financing for larger loans.