Jumbo Mortgage Loans In Texas

In today’s luxury real estate market, it can be very challenging to find the perfect luxury forever home of your dreams. But moreover, it can even be much more challenging when you’re attempting to find and hire the greatest mortgage lenders. There are countless options available for you to choose from, especially when you’re looking for a reliable candidate in the state of Texas, where countless Texas jumbo loan lenders will make you an offer that seems promising. But even though they appear promising and beneficial, it’s crucial that you’re aware not all jumbo loan lenders in Texas offer the same set of terms. And if you’re tired of trying to find the right loan lender, then don’t keep burdening yourself by calling the professionals at American Bancshares today!

Our company has 20+ years of gained experience that comes from their provided exceptional services as well as their deep commitment to empowering communities is what has made them recognized as the best provider of jumbo loans in Texas for numerous years. If you’re curious to learn more about why you should choose us as well as what a Jumbo loan is, then continue reading below.

Why You Should Choose American Bancshares For Their Jumbo Mortgage Loans in Texas

Here at American Bancshares, we’re recognized nationally as not only one of the most established Texas jumbo loan lenders but also as one of the most reliable. For more than 20 years, our business has empowered various partners and communities. And as a result of our work, our provided services have extended far across the whole nation.

Our organization’s structure was designed and crafted by industry experts who are deeply knowledgeable about today’s home financing market. Unlike banks, American Bancshares offers mortgage products, meaning that all of our lenders of jumbo loans in Texas are licensed and even deeply knowledgeable about mortgage lending. They’re not only qualified to provide you with professional and ethical advice but are also committed to assisting you in finding the right loan with a rate, terms, and cost-effectiveness that’s optimal for your needs.

Our company’s deep passion to service the community comes from our core values as an organization: commitment, integrity, and transparency. The majority of our employees — including our senior management — have held a position in every chair of the mortgage industry. And because of this, we’re able to gain tremendous insight from various perspectives. Moreover, this in-depth perspective paired with deep knowledge has also allowed us to effectively and efficiently adapt to industry changes while still being able to give you super service and first-in-class customer service that we’re so widely known for.

American Bancshares possesses leveraged technology to provide you with a simple, straightforward, online stress-free mortgage application experience. Through us, you’ll be granted one of our jumbo loans in Texas that will help you acquire the luxury property you seek to purchase.

Jumbo Mortgage Loans in Texas

That big, luxury home that you’ve been eyeing seems impossible to acquire. Especially when you have little in the bank to pay for it. But it is doable when you’re approved for a jumbo mortgage loan.

Jumbo mortgage loans in Texas are designed to finance luxury properties and homes that are offered in highly competitive local real estate markets. You will need to undergo rigorous and strict credit requirements in order to qualify for a jumbo mortgage loan, and because of this, it can be hard to tell off the bat if you’re eligible or not. But essentially, if you possess an above-average credit score and a very low debt-to-income ratio, you might just be able to qualify for jumbo loans in Texas. And with our expertise, we’ll be able to indicate for you if you can or not.

Down Payment on Jumbo Mortgage Loans in Texas

While a Texas jumbo loan may sound pricey when it comes to down payments, the down payment requirements for jumbo loans have loosened up compared to what they were in the past. Many years ago, jumbo mortgage loans in Texas would be as high as 30% of the residence’s purchase price. Now, however, the average for that figure has fallen significantly down to as low as 10% to 15%. 

When you speak with a consultant of American Bancshares, we’ll be able to provide you with an estimate of what your down payment will be for our jumbo loans in Texas.

Should You Take Out a Jumbo Loan in Texas?

When it comes to deciding if you should take out a jumbo loan in Texas or not, the tie-breaker is how much you can ultimately borrow depending on your assets, your credit score, and the value of the property you’re interested in buying.

Jumbo mortgage loans in Texas are considered appropriate for those who fall under the category of high-income earners ($250,000 – $500,000). This category is known as HENRY, an acronym for High Earners, Not Rich Yet. Generally, such individuals make a lot of money but don’t have millions in extra cash or other assets accumulated (yet).

Even if you’re in the HENRY category and have not amassed a significant amount of wealth to purchase expensive luxury property, you can still likely qualify for jumbo loans in Texas. If you have better credit scores and extensively established credit histories that are better than the average homebuyer, a jumbo loan is right for you.

Hire American Bancshares For Their Jumbo Mortgage Loans in Texas

When you’re ready to purchase your desired property and need assistance from a qualified Texas mortgage lender, pick up the phone and call the experts over at American Bancshares. American Bancshares has been trusted by numerous clients for not only their professionalism and expertise but also for their devotion to helping you become a part of a better community. You can trust that with their deep knowledge and handiwork, you’ll become absolutely satisfied with their services. For any inquiries, you may call us at 1-833-937-2276 or visit us online to schedule a free consultation.