Capital Home Mortgage JUneau

Juneau Jumbo Home Loans

Jumbo Mortgage Lender Juneau Alaska

Jumbo Home Loans in Juneau Alaska

In comparison to conforming loans, jumbo loans frequently demand a higher credit score and a larger down payment, and their underwriting guidelines could be stricter. Jumbo loan interest rates could also be higher than conforming loan interest rates. These loans are often used in Washington State to buy more expensive properties, such as luxury homes.

Jumbo Loan Qualification Requirements

A strong credit score, a low debt-to-income (DTI) ratio, and enough cash reserves are the three requirements for jumbo loans.

  • Credit Rating

To be eligible for a jumbo loan, you must have a higher credit score than for a traditional loan. Your credit score helps lenders assess your financial dependability. A high score makes it easier to show that you can manage your money.

Depending on the lender, jumbo loans need to have a credit score of at least 720; however, some provide them to customers with credit scores as low as 700 if they can make a larger down payment.

  • Debt to Income Ratio

Lenders will also look at your debt-to-income ratio in addition to your credit report (DTI). The ratio of your gross monthly income to all of your monthly bills is known as your DTI. Lenders could worry that you won’t be able to pay your mortgage in times of financial difficulties if your debt-to-income ratio is high.

The maximum debt-to-income ratio (DTI) for jumbo loans is generally set at 43%. Lenders favor a debt-to-income ratio that is lower when compensatory factors are absent.

  • Reserves

The “rainy day” reserve you’ve laid aside for situations like job loss is a cash reserve (sometimes referred to as a mortgage reserve).

You should be able to show that you have enough money saved to pay your mortgage for at least six to twelve months. If your loan is approved, keep in mind that you will still need to pay the closing costs and down payment. The ability of your cash reserves to cover closing costs and mortgage payments for at least six to twelve months must be shown.

Jumbo Loan Downpayment Requirement

A down payment of at least 10% is typically required for a jumbo loan, as a general rule. While a 20% down payment is appropriate, certain lenders may need a minimum of 25% or even 30%. In the end, the amount of the down payment necessary to get approved for a jumbo loan may depend on your credit score and debt-to-income ratio.

Fill Out A Jumbo Home Loan Application in Washington

A unique home-buying experience is something that Capital Home Mortgage Juneau is dedicated to offering. To start the application process for a jumbo loan, call one of our Alaska loan officers at (907) 531-5048.

Why Juneau HomeBuyers are Choosing Capital Home mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Juneau Alaska Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Jumbo Home Loans Juneau alaska

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines
Juneau Mortgage Programs

Juneau Home Purchase

Thinking of Buying a Juneau Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Juneau renovation home loans

Looking to Rehab a Juneau Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Juneau FHA Home Loans

Great for 1st Time Juneau Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Juneau VA Home Loans

100% Financing for Juneau Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Juneau Conventional Home Loans

Flexibility for Juneau Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Juneau Jumbo Home Loans

Juneau Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Juneau USDA Home Loans

100% Rural Juneau Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Juneau Native American Home Loans

Juneau HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Juneau Manufactured Home Loans

Great Alternative Juneau Housing

Juneau reverse mortgages

Your Juneau Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Juneau Non QM Home Loans

Making Juneau Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Juneau One Time Close mortgages

Build Your Juneau Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Juneau Refinance Mortgage Loans

Juneau Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Juneau Cash-out Home mortgages

Juneau Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Juneau Alaska Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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