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Jumbo Loans

  • A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by regulation

  • A Jumbo loan is any amount in Michigan that is over $417,000


  • Jumbos can be on a fixed or ARM structure

  • The variety of term options are limited, compared to a conventional platform

  • 10% equity is required for all Jumbos

  • Max loan amount $2,500,000

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