We make qualifying for a large loan straightforward, fast, and easy.At Bank of England Mortgage, our specialty is funding the dream of homeownership - no matter the size of the loan or dream - for that matter
That's why we created our jumbo mortgage lending program - a full suite of offerings designed with the needs of borrowers that seek larger loan amounts than were available through traditional lending options.
If you are seeking a loan amount in excess of $647,200, then you need a jumbo mortgage loan. Each year, Fannie Mae and Freddie Mac , two government sponsored enterprises, set loan maximums. When loan amounts exceed their limits - the borrower is purchasing a jumbo mortgage loan.
Depending on the borrower's financial profile, you can qualify for $647,200 to $1,500,000.
That depends on the type of loan. Credit scores for jumbo mortgages are similar to conventional credit score requirements.