Jumbo Loans

Jumbo Mortgage Loans are loans that exceed the maximum allowable limits of FHA & VA Mortgages in the State of Illinois which currently is pegged at $417,000. A Jumbo Loan is underwritten and weighted heavily based on income and credit. Often times a substantial down payment with seasoned cash reserves is required and dictated by the stringent requirements of the end investor. Exotic configurations of financing options may dictate the interest rate given, as well as, the terms and conditions of closing.

The better the financials and the credit disclosed, the greater the flexibility and choices of available programs allowed. Programs can be tailored to meet specific needs & requirements if the documentation collected is in line with the underwriting criteria of these High Balanced Jumbo Loans. Each loan is judged on the individual merits of the applicants. 

Robert J.Barouski - Mortgage Loan Originator - NMLS# 204947
American Fidelity Mortgage Services Inc
Ph: 630 885-1314Fax:630 681-1476
4200 COMMERCE CT STE 200
LISLE, IL 60532 US
License # 031:0010289
www.lowererates.com
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Copyright © 2013 American Fidelity Mortgage Services Inc
Illinois Mortgage Licensee License # MB 0000303
NMLS# 179785
In the State of Illinois Mortgage Bankers are governed by:
IL Department of Financial & Professional Regulation Division of Banking
122 South Michigan Ave., Suite 1900 Chicago, IL 60603
Phone: (312) 793-3000
Fax: (312) 793-7097
Web: http://www.idfpr.com/default.asp
Toll Free Consumer Hot Line: (877)-793-3470

 

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Copyright © 2016
Illinois Residential Mortgage Licensee # MB.0000303
NMLS# 179785
Indiana Department of Financial Institutions (DFI) License ID Number 11229
State of Wisconsin - Department of Financial Institutions License #159BA
In the State of Illinois Mortgage Bankers are governed by:
IL Department of Financial & Professional Regulation Division of Banking
100 W. Randolph Street, 9th Floor, Chicago, IL 60601
Phone: (312) 793-3000
Fax: (312) 793-7097
Web: http://www.idfpr.com/default.asp
Toll Free Consumer Hot Line: (877)-793-3470