Jumbo Loan Program, Rates and Requirements

If you're planning to purchase or refinance a high-priced home in Indiana, Home Point Financial’s Jumbo Loan Program may be a good fit.

Jumbo loans are for Indiana borrowers looking to buy or refinance a home that exceeds conforming loan limits (the limit on conforming loans is $424,100 in most areas of the country). Home Point Financial’s  Jumbo program is a great way to buy a luxury home.

Home Point Financial offers a suite of Jumbo loan products for Indiana home buyers – Premiere, Select and Choice. Through these three options, our customers are provided choices in structuring their loan based on eligibility. With each choice, flexibility with eligibility requirements are considered.

Jumbo Loan Requirements in Indiana

Jumbo loan borrowers often have a lower debt-to-income ratio, a higher credit score, and a larger down payment. Home Point Financial offers three Jumbo Loan Programs in Indiana:

Jumbo Premiere Program

  1. FICO credit score minimum: 680
  2. Finance up to $2 million
  3. Indiana investment properties are eligible
  4. Max LTV/CLTV is 85%

Jumbo Select Program

  1. Additional eligibility flexibility over Premiere
  2. FICO credit score minimum: 700
  3. Finance up to $2.5 million for your Indiana home
  4. Investment properties are eligible
  5. First-time home buyers are eligible
  6. Max LTV/CLTV is 85%

Jumbo Choice Program

  1. Additional eligibility flexibility over Premiere and Select options
  2. FICO credit score minimum: 661
  3. Finance up to $2.5 million
  4. Investment properties are eligible
  5. Non-warrantable condos are allowed
  6. Non-occupant co-borrowers are allowed
  7. Max LTV/CLTV is 90%

IN Jumbo Loan Terms

Our Indiana Jumbo loan term options include:

  1. 10 Year Jumbo Loans
  2. 15 Year Jumbo Loans
  3. 20 Year Jumbo Loans
  4. 25 Year Jumbo Loans
  5. 30 Year Jumbo Loans
  6. Jumbo ARM Terms: 5, 7 and 10-year ARM options are also available in Indiana

Apply For Your Indiana Jumbo Loan

Home Point Financial is a licensed Indiana lender, offering robust Jumbo loan choices for home buyers. Contact us today to learn more about these options!