QM
Jumbo
Combining the reliability and consumer protection of QM loan with the flexibility required for high-value property financing.
A QM Jumbo Loan essentially combines the safety and stability features of a Qualified Mortgage with the capacity to finance high-value properties typically associated with jumbo loans. This means that while borrowers are financing luxury or high-value homes, the loan they obtain adheres to the stricter underwriting standards and consumer protection guidelines of a Qualified Mortgage.
High Loan Amounts: Jumbo QM loans are designed for financing high-value properties that exceed the conforming loan limits set by the FHFA.
Consumer Protections: Borrowers benefit from the consumer protections associated with QM loans, including legal safeguards for both borrowers and lenders.
Reduced Risk: These loans are subject to specific criteria that reduce the risk of default for both borrowers and lenders.