A jumbo loan is one where the mortgage amount is above the conforming loan limit. Currently, the conforming loan limit for most parts of the country stands at $484,350. However, some locations deemed "high cost" like parts of … [Read more...] about 5 Things Jumbo Buyers Need to Know
Blog
Updated 95% Jumbo Loan Limits
Please note the 95% Jumbo loan limits have increased to $2,000,000 for qualified homeowners nationwide. Any loan amount $1.5mil - $2.0mil will require a minimum 740 credit score. Smaller loans below $1,000,000 can be approved … [Read more...] about Updated 95% Jumbo Loan Limits
Philadelphia Jumbo Mortgage Down Payment Chart
Philadelphia Jumbo mortgage down payment requirements have recently changed to include more low down payment options. New jumbo loan programs permit financing up to 95% for qualified home buyers and include flexible terms with no … [Read more...] about Philadelphia Jumbo Mortgage Down Payment Chart
San Antonio Jumbo Home Financing Details
San Antonio housing market continues to remain strong and home financing options that were once impossible, are now readily available. This is especially the case when discussing new high balance Jumbo financing programs. The … [Read more...] about San Antonio Jumbo Home Financing Details
Reduced Down Payment Jumbo Loans Charleston
Home prices have been increasing throughout South Carolina in recent years. Reduced down payment jumbo loans in Charleston have expanded as a result. Buyers that plan to finance high-cost homes have more options thanks to a … [Read more...] about Reduced Down Payment Jumbo Loans Charleston
Honolulu Low Down Payment Jumbo Loans
Honolulu has continued to show robust home sales in recent months and homebuyers searching for high-cost loans now have more options. Mortgage programs have continued to expand allowing for more Honolulu low down payment Jumbo … [Read more...] about Honolulu Low Down Payment Jumbo Loans
Annapolis Jumbo Loan Recap
Jumbo mortgage programs in Appapolis have recently expanded to include many new reduced down payment options. These low down payment options are especially attractive to high-end buyers that have sufficient income but lack the … [Read more...] about Annapolis Jumbo Loan Recap
Durham, North Carolina Real Estate – Jumbo Lending
Durham, North Carolina is the county seat of Durham County with a population of around 250,000. Durham is part of the MSA known as the Durham-Chapel Hill Metropolitan Statistical Area which is home to more than 500,000 residents. … [Read more...] about Durham, North Carolina Real Estate – Jumbo Lending
Jumbo Loan Without a 20% Down Payment
It’s one of those myths or misunderstandings that those buying a higher end home needs to have a down payment of at least 20%, but that’s not the case. As more and more areas across the U.S. seeing property values continue to … [Read more...] about Jumbo Loan Without a 20% Down Payment
California Jumbo Loan Appraisal Process
Regardless of what your sales contract says when you buy that higher end home in California, that might not be the final value your lender will use when evaluating your loan application. Does that surprise you? It does many, but … [Read more...] about California Jumbo Loan Appraisal Process