The Jumbo Mortgage Loan Program

The term “jumbo mortgage” means any loan that is greater than the conforming loan limits as established by the Federal National Mortgage Association or FNMA (Fannie Mae), currently over $484,350 in most states for 2019.

If a mortgage loan is no greater than the conforming loan limit for that type of property, it is considered a “conforming” loan, because it conforms to established guidelines (which include a maximum loan amount). Because jumbo mortgage loans exceed the conforming loan limit, they may require a higher credit score, a certain amount of discretionary income after the payment of all debts and a debt-to-income ratio which is lower than that for a conforming loan.

Poli’s jumbo mortgage loan programs are varied to meet every need for different property types, product types and loan sizes. Jumbo guidelines can vary from conforming loan guidelines with increased down payment requirements and specialized zoning requirements for different zip codes. And, the maximum loan amounts may also vary with the location of the property.

Property types that can qualify for jumbo mortgage loans:

Primary Residences
Single Family Second Homes
Single Family Homes
Condominium Units
Multi-Family Homes
Vacation Homes

Jumbo Products available for purchases or refinances:

10, 15 or 30 Year Fixed Rate
10 Year Fixed Rate with a 30 Year Amortization
3, 5 & 7 Year ARMs

Jumbo Loan Amounts:

Up to $3,000,000 in most areas with significantly higher loan limits in some affluent geographic locations

Poli Mortgage Group loan officers are experts when it comes to jumbo mortgage lending. We handle a large portfolio of jumbo mortgage loans every year performing all of the underwriting in-house

Poli Mortgage Group Is Here To Help You

Poli Mortgage Group has originated over 48,000 mortgages to date and we’re currently issuing over $1 billion in new mortgage loans each year.

We’re one of the most highly regarded, independently owned mortgage companies on the eastern seaboard.

Fill out the form below & start working with our expert staff today!

Poli Mortgage Group is a Division of radius financial group inc. Corporate NMLS #1846. radius financial group inc. is an Equal Housing Lender. Poli Mortgage Group is licensed in CT, DC, FL, ME, MD, MA, NH, PA and RI. For more licensing information please visit: https://polimortgage.com/licenses/ or by visiting www.nmlsconsumeraccess.org. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs rates, terms and conditions are subject to change and are subject to borrower qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.

* This radius Pre-Approval/Credit Commitment Promise Contract ("Promise") is made and entered into, as of the date of the last signature below, by and between radius financial group inc. ("radius" or "Lender"), and the below-named Buyer and Seller. In consideration of Seller's reliance on this Promise in entering into a real estate purchase transaction with Buyer, the Parties agree as follows:

PROMISE TO SELLER. In the event that a Seller is induced to accept an offer from, and enter into a purchase and sale agreement with, a radius borrower on account of this Promise in connection either with (a) a radius Pre-Approval or (b) a radius Credit Commitment and the Buyer is unable to close on such Eligible Transaction due to a mistake made by radius (with accurate and up-to-date information) on such Pre-Approval/Credit Commitment (a "Bad Pre-Approval"), then radius shall pay Seller ten thousand dollars ($10,000), subject to the terms and conditions herein as Seller's sole remedy.

PROMISE TO BUYER. In the event that radius issues a Bad Pre-Approval to Buyer on an Eligible Transaction, radius will reimburse Buyer reliance expenses up to one thousand dollars ($1,000) for a home inspection, appraisal, or legal expenses actually paid out-of-pocket by Buyer, subject to the terms and conditions herein. This payment shall be Buyer's sole remedy.

ELIGIBLE TRANSACTION. For purposes of this Promise, an "Eligible Transaction" is a purchase money mortgage transaction for a primary residence (made on or after April 1, 2018) (not made to a radius employee or immediate family member), provided that the loan is a Conventional, USDA, VA, or FHA loan product for either (i) an existing home resale or (ii) a newly constructed home that is to be delivered and closed within ninety (90) days of the P&S.

CONDITIONS. The applicable radius Pre-Approval must not have expired prior to the date of the P&S. Offers/P&Ss cancelled due to home inspection issues or title defects are not covered under this Promise, and this Promise is void if a Bad PreApproval is the result of: (i) a change in Buyer's financial position, (ii) property specific requirements or expenses (e.g. homeowner's association dues/fees, flood insurance, or property taxes), or (iii) loan product availability or underwriting requirements, or third-party actions outside of radius' control.

FUNDS DISBURSEMENT. Any funds due and payable under this Promise will be paid if requested by Buyer or Seller in writing within 90 days of the date of an applicable Adverse Action Notice and accompanied by a fully-executed copy of this Promise. Any payments made under this Promise will be reported to the Internal Revenue Service by radius on a Form 1099-MISC or as otherwise required by then-applicable law. Please consult your tax advisor for any tax implications.

Loan Options

The Jumbo Mortgage Loan Program

Poli Mortgage Group Is Here To Help You

We’re one of the most highly regarded, independently owned mortgage companies on the eastern seaboard.

Fill out the form below & start working with our expert staff today!