A JUMBO Loan" is any loan amount greater than 417,000.00 for a Single Family, Condo or TownHome property type. 2, 3, and 4 flats have higher loan limits.
Many homes in the Chicago Metropolitan area are in that category. Due to the distressed credit/housing market many lenders do not offer JUMBO Loans or if they do, the rates are not attractive. This has left many Chicago ares homeowners stranded so to speak in a JUMBO Loan that may be adjusting soon.
Here at Chicago's Mortgage Choice we are the Chicago JUMBO LOAN experts. We have the resources available to assist you.
If you are in need of a Chicago Jumbo Loan in the Chicago area we can help! Whether you are refinancing your current mortgage or would like a mortgage to purchase a new home.
