Jumbo Loans

Are you looking for a Jumbo Mortgage Loan in Central PA? As a longtime community bank serving the people of Juniata, Huntingdon, McKean, Mifflin, Perry, Centre, and Potter counties, JVB offers local expertise in the home loan application process. All of our lending decisions are made locally, giving us greater flexibility to help you find the right mortgage loan.

What is a Jumbo Loan? 

Every year, the Federal Housing Finance Agency sets the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Most mortgages fall within this cap. However, borrowers who need a larger loan would apply for a Jumbo loan, also known as a non-conforming loan. When you apply for a jumbo mortgage, you can still choose between a fixed or adjustable-rate as well as other loan terms.

Jumbo Loan Benefits

  • Buy a more expensive home: Whether you’re looking in a higher price range for size, amenities, or both, a jumbo loan can put your dream home within reach.
  • Low down payment: You don’t necessarily need to put 20 percent down to obtain a jumbo loan.
  • Refinance: Jumbo Loans can also be used to refinance an existing mortgage.

When to Choose a Jumbo Loan 

Jumbo loan lenders take on greater risk, so they may have stricter standards for credit approval. Consider a jumbo loan when you’re in a strong financial position and feel confident that you will maintain your current income level. As an alternative, you could make a larger down payment in order to get your loan within the conforming limit. With both conforming and non-conforming mortgages, you can choose between fixed-rate and ARM options.

Bank Right at JVB

From 1867, when JVB opened its first location, to the present day with 15 community offices in Blairs Mills, McAlisterville, Mifflintown, Port Royal, Richfield, Port Allegany, Lillibridge, Burnham, Reedsville, Lewistown, Millerstown, Coudersport, Liverpool, or our loan office in State College, our priority has always been to provide the best financial services for our customers. Whether you are looking for a Jumbo loan or any of our other personal and business lending products, you can expect the highest levels of integrity and respect from our team of lenders and branch employees. 

Contact us to learn more about Jumbo Loans!

Is a Jumbo Loan the best option for your project? Our Pennsylvania-based loan officers can help you determine your eligibility and explore your home loan options. JVB is a trusted local mortgage lender with a long history in your Central PA or Northern Tier community.  

Whether in person or online, the mortgage team at JVB is ready to answer your questions about Jumbo loans and the application process. Call the JVB Customer Care Center to be connected to one of our experienced home loan lenders at 1-855-582-5101, visit a JVB community office near you, or apply online today. We look forward to hearing from you!

Jumbo Loan FAQs 

  1. How do Jumbo Loans work?

  2. Can you get PMI on a Jumbo Loan?

  3. Can you refinance a jumbo loan?