15-Year Fixed Rate Mortgage - Jumbo
If you plan to stay in your home for more than 5 years and want the stability of a fixed payment, a 15-year fixed-rate loan is a smart choice.
15-Year Mortgage Facts The maximum loan amount for conforming loans is $252,700. Loan amounts above this limit are referred to as non-conforming or Jumbo loans. Unlike the conforming loans the maximum loan amount for Jumbo loans is partially determined by the loan amount as a percentage of the property value (referred as loan-to-value or LTV).
Standard 15-Year Fixed Rate Loan
Loan Purpose	Can This Loan Be Used?	Largest Loan Amount	Minimum Equity  after loan is closed
Buying a home   Standard Refinance   Refinance cash out	Yes Yes Yes	$300,000 $400,000 $500,000 $650,000 $350,000 $650,000	5% 10% 20% 25% 25% 30%