Market Match Loan
A simpler way to finance higher-priced homes
Buying or refinancing a high-value home doesn’t have to mean jumbo rates. Our Market Match Loan pairs a standard first mortgage with a second lien to help you lower your rate, avoid private mortgage insurance (PMI) and structure your loan in a way that works for you.
- Keep your first mortgage under conforming limits
- Avoid jumbo rates and strict jumbo guidelines
- No mortgage insurance requirement
- Customize how you split your loan
- Available for purchases and refinances
- Fixed rate options available
Loan Amounts | Financing Offered |
|---|---|
$1,150,000 | Up to 90% |
$1,250,000 | Up to 85% |
$1,500,000 | Up to 80% |
Example: You want to purchase a one million dollar home but need to structure your loan to minimize your down payment and avoid PMI. Your first mortgage could be $850,000 and you could have a second lien for $50,000—a total amount of $900,000. Market Match offers up to 90% financing for loans up to $1,150,000 so you’ll only need to put 10% down on the home you want to buy.
What are “conforming” loan limits?
A conforming loan limit is the maximum mortgage amount that government-sponsored enterprises like Fannie Mae and Freddie Mac will buy. Loans at or below this limit are considered "conforming", while larger loans are "jumbo" and are not eligible for purchase by those entities. The Federal Housing Finance Agency (FHFA) sets these limits, and they can vary by location. Oftentimes, loans within the conforming limits offer better rate options than jumbo loans.
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Contact your Atlantic Union Bank Mortgage Loan Officer or choose an option below.
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Use our Mortgage Loan Calculator
to see what you might pay monthly and an estimated payoff schedule. To see the advantages of contributing a little more to your monthly payments, check out our Mortgage Payoff Calculator
.
Disclosure
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Not all loans or products are available in all states. Specific program restrictions may apply, so please consult your dedicated Mortgage Loan Officer for complete details. First mortgage loan amount must be at least 50% of the combined loan amount. Manufactured homes and cooperatives are not eligible.
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