Financing Homes in Lake Tahoe and Truckee since 1992.

Sierra Pacific Mortgage Jumbo Loans for the Lake Tahoe Area

Sierra Pacific Mortgage—Financing Luxury Homes with Jumbo Loans in Tahoe and Truckee since 1992

Many people with higher income levels that would like to buy a luxury home may need to secure a loan amount that is higher than what conventional loans make available. Jumbo home loansenable buyers to purchase homes that are not restricted by a lender’s ability to sell it to Fannie Mae or Freddie Mac. Today, jumbo loans in excess of $1 million are not uncommon and balances can go significantly higher, especially in the Lake Tahoe region.

Deciding if a Jumbo Home Loan is the Right Mortgage Product

Jumbo home loans can be fine option when you are considering buying a highly valued home but they are not for everyone. Working with an experienced mortgage banker like Steve Peterson of the Lake Tahoe Office of Sierra Pacific Mortgage can help you decide whether a jumbo home loan is the optimal way to finance a luxury home purchase. Steve Petersonwill streamline the process and increase the likelihood you will end up with the right loan product, with the best possible rate and terms.

The mortgage banking professionals at the Lake Tahoe Office of Sierra Pacific Mortgage have over 20 years experience originating loans for home buyers and investors in the Tahoe and Truckee area and they know the in’s and outs of jumbo home loans. Steve Peterson and his team can advise you on the right mortgage product to achieve your jumbo loan goals and purchase the house of your dreams in Lake Tahoe.

Contact Us Today to Learn more About our Jumbo Home Loans

1 (775) 831-7151

Finding the Right Mortgage Banker is Critical

The professional mortgage brokers at the Sierra Pacific Mortgage-Lake Tahoe Office have been providing jumbo home loans since 1992 and proudly serve the communities of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay.

We are proud of our experience and successful track record, but we are equally proud of our commitment to the best interests of each of our clients. Steve Peterson and his team understand that purchasing a luxury home is a big decision, and the right loan can save tens and even hundreds of thousands of dollars over the life of the loan. We are here to help you acquire the property of your dreams.

Understanding Jumbo Loans

Many home buyers have heard jumbo home loans referred to as a non-conforming loans. This is because these loans are too large to be purchased by Fannie Mae and Freddie Mac. Many investors and buyers choose these types of loans because they believe that they provide a good way to buy luxury properties while protecting other financial investments. Keep in mind that loan maximums vary by geographic area. Steve Peterson can provide you with up-to-date information about loan maximums in your area.

How Does A Jumbo Loan Differ from A Conventional Loan?

It’s important to understand how jumbo loans differ from conventional loans before you enter the loan process. There are several factors to consider, including:

  • Lenders may consider a jumbo loan riskier than other loans. They may require a higher down payment.
  • Interest rates for jumbo loans are often higher than those for conventional loans.
  • Credit score and debt-to-income ratio requirements are more stringent for this type of financing.

Steve Peterson will help you to understand the risks and benefits associated with taking out a jumbo home loan. As your partner, he will also help you choose the loan product that will provide you with the best terms and rate possible.

Work with the Lake Tahoe Office of Sierra Pacific Mortgage for your Jumbo Home Loan

Jumbo loans fill a need for people buying luxury homes, growing families who require more space, or people who live in parts of the country with high housing costs. They may be an excellent option for purchasing your dream home, but it is important to work with your mortgage banker to understand the pros and cons, and make an informed decision

Working with a mortgage broker is the best way to ensure that the jumbo loan application process goes smoothly. The professional mortgage brokers at Sierra Pacific Mortgage-Lake Tahoe Office have over20 years’ experience working with people buying luxury homes in the Tahoe and Truckee area. If a jumbo home loan is right for you, contact us today at 1 (775) 831-7151.

We serve the communities of Truckee, Crystal Bay, Incline Village, Glenbrook, Zephyr Cove, Stateline, South Lake Tahoe, Tahoma, Homewood, Tahoe City, Carnelian Bay, Tahoe Vista, Kings Beach, Genoa and Granite Bay.

Please contact us to learn more about our Jumbo Home Loans
1 (775) 831-7151