Jumbo Mortgage Home Loans

Hello everyone, this is John Vecchitto, a loan officer with North-East Financial in Middletown, Connecticut. Today I would like to talk about Jumbo mortgages and how North-East Financial can help you.

Jumbo mortgages are loans for amounts that exceed the conventional conforming loan limits as set by Fannie Mae and Freddie Mac. The current conforming loan limit in Connecticut is $417,000 in most counties except for Fairfield county, which is set at $601,450.

Jumbo loans typically are for people who already own a home and are looking to upgrade, however, here at North-East Financial, you could also be a first-time homebuyer and still qualify. To qualify for this loan, a minimum FICO of 680 is required, although most lenders like to see a score of 720 or higher (and loan sizes go up to 2 million dollars).

So if you’re a first-time homebuyer, or a person looking to upgrade your home, call me today to go over all your options. On top of offering Jumbo loans, we also offer Conventional, FHA, USDA, VA, and CHFA. I can be reached via email at johnv@northeast-mortgage.com or on my cell which is 860-918-0251. Thanks!