Thinking about buying a home over $1 million in British Columbia? You may need a jumbo mortgage—and that’s where Rampone-Marsh Mortgages can help. A jumbo loan is used when the home purchase price exceeds the amount eligible for CMHC-insured financing. In Canada, that limit is currently $1 million.
When Do You Need a Jumbo Mortgage?
If you’re looking at homes in Kelowna, West Kelowna, Lake Country, or other hot BC real estate markets with many properties with a price tag over $1 million, your mortgage automatically falls into the jumbo loan category.
How Are Jumbo Loans Different?
Since jumbo mortgages can’t be insured through CMHC, lenders consider them higher risk. That means:
- A minimum 20% down payment (often more) is required
- Strong credit and verifiable income are a must
- A low debt-to-income ratio helps your approval chances
We Help You Access the Best Lenders
At Rampone-Marsh Mortgages, we work with a wide network of lenders—including major banks, credit unions, and private lenders—to help you find the most competitive jumbo mortgage rates.
Tailored Solutions for Unique Buyers
If you’re looking at homes in Kelowna, West Kelowna, Lake Country, or other hot BC real estate markets with many properties with a price tag over $1 million, your mortgage automatically falls into the jumbo loan category.
Local Expertise You Can Trust
With deep roots in the Okanagan and a reputation for personalized service, Rampone-Marsh Mortgages understand the unique lending landscape in BC. We are committed to helping clients navigate complex jumbo mortgage options with confidence and clarity.
Let’s Secure the Right Loan for You
Don’t let financing limits stop you from owning your dream home. Rampone-Marsh Mortgages is here to make jumbo mortgages in BC simple, transparent, and stress-free.
Contact us today for expert guidance on jumbo mortgage options in British Columbia.
