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Jumbo

For borrowers who need a loan above the conforming limit
HIGHLIGHTS
  • Loan amounts exceeding the conventional limits

  • Private mortgage insurance not always required

  • As little as 10% down

  • Financing available for primary and secondary residences

Ideal for luxury buyers

A Jumbo loan allows borrowers to finance a home that exceeds the conventional loan limits set by the Federal Housing Finance Agency. As of January 1, 2022, the Conventional loan limits range between $647,200 and $970,800, depending on the median home value in your area. If you are planning to purchase a home that is above the conventional loan limit in your region, our jumbo loan options offer competitive rates on primary and secondary residences.

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WANT US TO REACH OUT?

Our local loan officers are always happy to provide advice or answer any questions you may have on the homebuying process.

Conventional

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Coastal Towne Mortgage is your local mortgage broker. As a division of TowneBank, we uphold the principles and philosophies that have been established by our hometown traditions. Coastal Towne Mortgage is dedicated to providing the personal experience that you deserve with the most advanced technology available to offer affordable loans, quick processing and exceptional service.
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Links and content are being provided for informational purposes only. Coastal Towne Mortgage has no control over any other website and is not able to endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on any site other than this one. This is not a commitment to lend. Coastal Towne Mortgage is a mortgage broker. A broker fee may be charged for the broker service.

© 2022 Coastal Towne Mortgage. All Rights Reserved. 600 22nd street, Suite 205, Virginia Beach, VA 23451. Phone: (757) 321-8074
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