PRESS RELEASE | AUGUST 2020
Jumbo Loan: 7-Year Balloon with 30-Year Amortization
Looking to finance a home up to $1 million? This jumbo loan product, offered through a local lender, provides the opportunity for homeowners to finance a higher-priced home for 7 years with a 30-year amortization, meaning the monthly payment is kept lower throughout the term of the loan and then the full balance is refinanced at the end of the term (known as a balloon payment).
This product is an excellent option for those looking for a shorter loan term with a lower monthly payment financed by a local lender.
● Up to $1 million loan amount
● Primary and second home options available
● VA and NC homes only
● 75% minimum loan-to-value
● Streamlined application and approval process
● Fixed rate for 7 years with a balloon payment feature at the end of term
We're focused on you.
Contact C&F Mortgage, your local industry expert, to see if this Jumbo Loan is right for you!
The information contained herein (including but not limited to any description of C&F Mortgage Corporation and its lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. Restrictions apply. This is an advertisement and not a commitment to lend. C&F Mortgage Corporation NMLS# 147312 Equal Housing Lender.