Jumbo Loan Program, Rates, and Requirements

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

Jumbo loans are for Montana 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 MT Jumbo program is one way to buy a high-priced or luxury home.

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

Jumbo Loan Requirements in Montana

Jumbo loan borrowers often have a lower debt-to-income ratio, a higher credit score, and a larger down payment. Home Point Financial offers 3 Jumbo Loan Programs in Montana.

Jumbo Premiere Program

  1. FICO credit score minimum: 680
  2. Finance up to $2 million
  3. Montana 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 Montana 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%

MT Jumbo Loan Terms

Our Montana 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 Montana

Apply For Your Montana Jumbo Loan

Home Point Financial is a licensed Montana lender offering robust Jumbo loan options for home buyers. Apply online to learn more about these options!