Jumbo Mortgage Loans In Washington DC

Finding that forever luxury home can be very difficult to find in this day and age. It can also be just as difficult and even very frustrating when you’re trying to find and hire the best mortgage lenders. There are numerous choices available for you to choose from, especially when you’re looking for a reliable candidate in Washington DC, where many Washington DC jumbo mortgage lenders will make an offer that seems to assure. But even though such offers seem appealing and advantageous, it’s imperative that you’re aware not all jumbo mortgage loans in Washington DC offer the same set of terms and conditions. And if you’re tired of trying to find the right loan lender, then don’t keep burdening yourself when you can hire the professionals over at American Bancshares.

American Bancshares possesses 20+ years of experience that’s gained from their exceptional provider services as well as their deep dedication to helping empower communities, making them recognized as the greatest provider of jumbo loans in Washington DC for many years. If you would like 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 Washington DC

We here at American Bancshares are known nationwide as both one of the most highly-established Washington DC jumbo loan lenders and one of the most reliable. For 20+ years, our company has empowered various partners and communities. And as a result of our work, our provided services have extended far across the whole country.

Our company’s organizational structure was created and designed by industry professionals who are both deeply versed and knowledgeable about the modern home financing market. Unlike banks, American Bancshares offers mortgage products, meaning that all of our lenders of jumbo mortgage loans in Washington DC are licensed and experienced in mortgage lending. They’re qualified to give you the professional and ethical advice you need. But more so, they’re also devoted to assisting you in finding the right loan with a rate, terms, and cost-effectiveness that’s optimal for your needs.

American Bancshares’ deep dedication to serving the community comes from our core values as a company: commitment, integrity, and transparency. Most of our employees — including our senior management — have sat in every chair of the mortgage industry. And because of our experience, American Bancshares is able to gain significant insight from various perspectives. More so, this in-depth perspective paired with deep understanding and knowledge has allowed us to effectively and efficiently adapt to industry changes while still providing clients first-in-class customer service that we’re so widely known for.

We possess 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 Washington DC that will help you acquire the luxury property you seek to buy.

Jumbo Mortgage Loans in Washington DC

That massive luxury home you’ve been looking at seems impossible to acquire. Especially when you don’t have much in the bank to pay for it. But it is possible when you’re approved for a jumbo mortgage loan.

Jumbo mortgage loans in Washington DC are made to finance luxury properties and homes that are offered in highly competitive local real estate markets. You’ll need to undergo rigorous and strict credit requirements in order to qualify for a jumbo mortgage loan, and because of this, it can be very challenging to tell if you qualify or not. But generally, if you possess an above-average credit score and a very low debt-to-income ratio, you may just be able to qualify for jumbo loans in Washington DC. And with our expertise, we’ll be able to indicate for you if you can or not.

Down Payment on Jumbo Mortgage Loans in Washington DC

Although a Washington DC jumbo loan may sound expensive when it comes to down payments, the down payment requirements for jumbo loans have loosened up quite a bit compared to what they used to be in the past. Many years ago, jumbo mortgage loans in Washington DC would be as high as 30% of the residence’s purchase price. Today, however, the average for that figure has decreased significantly 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 Washington DC.

Should You Take Out a Jumbo Loan in Washington DC?

When it comes to deciding if you should take out jumbo loans in Washington DC or not, the deal-breaker is often how much you can borrow depending on your assets, your credit score, and the value of the property you’re interested in buying.

Jumbo mortgage loans in Washington DC are considered appropriate for those who fall under the category of high-income earners ($250,000 – $500,000). This sort of category is called 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 do belong in the HENRY category and have not amassed a substantial amount of wealth to purchase costly luxury property, you can likely still qualify for jumbo loans in Washington DC. 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 Washington DC

When you’re ready to purchase your desired property and need assistance from a qualified Washington DC jumbo 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. For any inquiries, you may call us at 1-833-937-2276 or request a free consultation online.