Filo Mortgage Jumbo Loans

Filo Mortgage Jumbo Loans Review

Filo Mortgage Jumbo Loans are offered by Filo Mortgage (NMLS #1928741), a direct lender founded in 2019 and based in Conshohocken, PA. Filo Mortgage Jumbo Loans are available in 50 states (and Washington, DC).

Key Takeaways

• Only offers one mortgage pogram. Filo Mortgage Jumbo Loans only provides jumbo mortgages.
• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Standard interest rates types. Filo Mortgage Jumbo Loans offers adjustable-rate mortgages and fixed-rate mortgages.
• Only primary residences considered. Filo Mortgage Jumbo Loans does not offer financing for vacation homes or investment properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Filo Mortgage Jumbo Loans Pros & Cons

Filo Mortgage Loans FAQ

How much can you borrow via Filo Mortgage LLC?

Filo Mortgage Loans allows borrowers to apply for loan amounts of up to $970,800. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Filo Mortgage Loans?

Filo Mortgage Loans offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Filo Mortgage LLC offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, Filo Mortgage Loans may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Filo Mortgage Loans offers the following mortgage types:

• Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($726,000 as of 2023).

What is the customer service phone number?

The customer service number for Filo Mortgage Jumbo Loans is (800) 951-4732.

What is the support contact email?

The support contact email for is info@filomortgage.com.