These loans are for those borrowers who wish to borrow more funds than a Conforming loan limit allows (greater than $484,350 for a single-family property).  Jumbo loans are offered for both Fixed Rates and Adjustable rate mortgages.  Generally, the underwriting is stricter and requires more documentation.  The qualifying total debt to income ratio typically cannot exceed 43%.  In some cases, two appraisals are required.     

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Monument Mortgage Co Inc.

Lexington Office:

91 Hartwell Ave 

Lexington, MA 02421

Newburyport Office:

11 Market Square

Newburyport, MA 01950

© Monument Mortgage Co. Inc. 2019

NMLS #2705 (Lexington) NMLS #803542 (Newburyport)

MA Lenders ad Brokers License #MC2705 Licensed by the New Hampshire Banking Department Licensed in Maine * We arrange but do not make loans