A few advantages of the one year jumbo loan ARM is that it allows you to afford a larger home, with lower monthly payments. Maricopa Jumbo Loans also come as 3/1 ARM, 5/1 ARM, 7/1 ARM and can also come as a Maricopa jumbo loan with a balloon payments as well. This means that for the first 3 years your loan has an adjustable rate and then the full balance is due as one balloon payment in the last year of the loan. This is a huge benefit for Maricopa jumbo loans because you can refinance for a fixed rate prior to your balloon payment being due - which is a fantastic way to manage your monthly mortgage expense as your income grows.

- Maricopa Jumbo Loans

Maricopa jumbo loans are larger than regular Maricopa loans. They exceed the maximum loan amount established by the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC). Currently, any loan over $300,000 for a single-family residence is considered jumbo. Maricopa jumbo loans are used to finance larger ventures such as luxury homes or starting your own business. Guidelines vary depending on location, so fill out the above form and an experienced representative will get in contact with you.

- Maricopa Jumbo Loans Can Save You Money!

A jumbo mortgage loan in Maricopa can come in many forms, one of which is a jumbo loan with an adjustable mortgage rate. The adjustable mortgage rate, or ARM, is slightly different from a conforming ARM. The jumbo loan comes with higher interest rates than the standard conforming loan in Maricopa. The conforming loan is below $322,700 and has a lower interest rate than the jumbo loan, because the amount of money loaned is less. In Maricopa, when you recieve as much in a loan as you do with a jumbo loan, then you will pay higher interest rates, but with an adjustable rate jumbo loan the interest rate will be much lower, about two to three percent.