Down payments as low as 5% and Loan amounts up to $2,000,000
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The Jumbo Loan is an adjustable rate mortgage, that is fixed for the first 3, 5, 7, and 10 years and adjusts one time every year thereafter. There is even a 5/5 year ARM, that adjusts once every 5 years for the life of the loan.The parameters of the first mortgage are as follows: