Beacon Lending Home Loans in Denver Colorado

JUMBO LOANS IN AUSTIN, TEXAS

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Jumbo Loans in Austin, Texas

Find Out How Much You Can Afford with a Jumbo Loan

Besides being able to finance a majority of the purchase price, the jumbo loan has other features which should help more buyers get qualified for their next luxury home purchase.

A Jumbo loan might be necessary to purchase a home in one of the luxurious areas in and around Austin, TX.

WHY CONSIDER A JUMBO LOAN In Austin, Texas?

Usually serviced from the lender using one of their portfolio programs, this is a loan that is usually a flagship product, so they come in with very good pricing. A reason for this, is that the portfolio lender is holding the mortgage, and not having to package, and sell it off to the secondary market. If they wanted to charge 1% (not likely) they could, it is their money.

But how does this help me?

people with questions about jumbo loans

Good question. If you are finding yourself attracted to a bigger home and price in Colorado, and are not comfortable with the hefty down payment, Jumbo Loans are available up to 90% of the purchase price with a high enough credit score. Loan options available for all kinds of jumbo loans up to $3,000,000 are as follows from a basic selection of the following.

  1. 30 year fix --which will carry a higher rate and highest payment
  2. 5/1, 7/1, and 10/1 ARM - carries a lower rate fixed for 5, 7, or 10 years.
  3. Interest Only Feature - Will usually be interest only tied to a 30 year fix - lowest
    payment option.
  4. 40 year fix - Yes, this does exist

JUMBO LOAN IN AUSTIN TEXAS CASE SCENARIO USING 90% LTV

John and Julie find a home for $1,000,000 they want to purchase in the LoHi neighborhood of Denver. They want to put as little as they can down and are only comfortable putting 10% down. They speak to a local mortgage broker, and are given a quote on a 30 year fix of 5.75% Interest Only.

  • Purchase Price - $1,000,000
  • 10% down - $100,000
  • Financing 90% LTV at $900,000
  • 4.75% 30 year fix payment  - $4,694.83
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Testimonials & Reviews

Adam Armstrong
Getting the lowest rate was the most important thing to me. I shopped 5 other lenders/brokers for my refinance. Brian was able to beat the other lenders by a significant margin. I was surprised as I thought most lenders would have similar rates. I think being that Brian is a broker and has access to hundreds of lenders gives him a leg up to finding the best rate for his customers. The process was also very straight forward and he was available when I had questions.
Brent Galas
Brian, was very easy to work with for my refinance even thru this Covid time. All documents were easy to upload electronically and his processor was detailed for what was needed. He was able to get me an appraisal waiver so no cost to me and nice to not have anyone in my house for it. Never imagined closing rate in the 2’s!! Closing was completed outside my house with masks and done in 10mins... Brian gave great service and provided me with savings for next 29 years! One year shorter than standard 30. Will use Brian again for my next investment property!
Jerred Lane
Brian Quigley is one of the most professional mortgage brokers I have EVER had the pleasure of working with. I’ve been through this process 7 times before and while none of the previous experiences were bad by any means, Brian has raised the bar to a whole new level. With time being precious, there are not many who have a lot of time to spare; he kept everything on point and on track. We closed on schedule and the detailed communication Brian provides is part of the reason why we were able to do so. I will be doing business with Brian again and highly recommend him to any one that may be in the market.

Ready to Get Started?

Are you starting to shop for homes. It is a good idea to get pre-apporved so you know how much home you can afford. When you find a home you like you can make an offer and the sellers will feel better knowing you have been pre-approved.
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Brian Quigley
NMLS#244003
Providing Clients with Home Loans Since 2003
Hello, my name is Brian Quigley and I have been a licensed mortgage broker since 2003. Over the past 16 years I have helped thousands of people close home loans that fit their unique situation. There are many types of home loans available and I work hard to find the best home loan for you.

Customer satisfaction is my primary goal. Communicating with my clients and getting things done in a timely manner is key and is why my clients have been so satisfied over the years.

If you are looking to buy a primary residence or investment property then we can help.

Jumbo Loans Austin, Texas

Brian Quigley - Beacon Lending

NMLS#244003
5900 Balcones Drive, Suite 100, Austin, TX 78731
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Hours:

Monday: 8:00 AM – 6:00 PM
Tuesday: 8:00 AM – 6:00 PM
Wednesday: 8:00 AM – 6:00 PM
Thursday: 8:00 AM – 6:00 PM
Friday: 8:00 AM – 6:00 PM
Saturday: 8:00 AM – 6:00 PM
Sunday: 8:00 AM – 6:00 PM

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