Each new year brings many changes and the mortgage industry is no different. Lending guidelines change frequently and one of those early-notice changes is the new conforming mortgage loan limits that take effect on January 1 of … [Read more...] about San Bernardino County Jumbo Loan Chart
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High Cost Area Loan Limits Increased in 2020
For those who are somewhat familiar with the mortgage industry, they probably have heard the terms “conforming” and “jumbo.” These two terms refer primarily to loan approval guidelines. A conforming loan is one that meets … [Read more...] about High Cost Area Loan Limits Increased in 2020
2020 Jumbo Loan Home Buyers Guide
Mortgage interest rates have managed to stay low and the high-end housing market has remained steady, with noticeable growth in select locations in California, Florida and North East. The expansion of low down payment programs and … [Read more...] about 2020 Jumbo Loan Home Buyers Guide
Just Updated 2020 Conforming Loan Limits
The new 2020 conforming mortgage loan limits have just been published. Buyers can look up their state and county loan limits below. Most of the nation saw an increase of $26,050 in the conventional loan amount limits. Overall the … [Read more...] about Just Updated 2020 Conforming Loan Limits
Charleston (Updated) Low Down Payment Jumbo Loan
There are three basic types of loan limits for most parts of the country, conforming, high balance, and jumbo. Conforming loans are limited to $510,400 in many parts of the country, Charleston included. High balance loans are in … [Read more...] about Charleston (Updated) Low Down Payment Jumbo Loan
New Mexico Low Down Payment Jumbo Loans
Jumbo loans with only 5% down payment are now available for qualified homebuyers throughout New Mexico. Buyers of luxury properties in Albuquerque and Santa Fe may find the reduced down payment programs especially helpful. If … [Read more...] about New Mexico Low Down Payment Jumbo Loans
Jumbo Loan Interest Rates and Fees
Jumbo loan interest rates and fees are determined very much the same way as conventional or FHA mortgages. First, mortgage interest rates are greatly influenced by risk. It's really simple, the less risk to the lender or bank, the … [Read more...] about Jumbo Loan Interest Rates and Fees
Updated Jumbo Home Purchase Programs Dallas
Real estate trends in Dallas have been positive in recent years, and are forecasted to continue the upswing in the foreseeable future. The median home value in Dallas currently sits around $218,500 according to Zillow. Buyers in … [Read more...] about Updated Jumbo Home Purchase Programs Dallas
How Much Is PMI On Jumbo Loans?
Private mortgage insurance or "PMI" for short has traditionally been required on any mortgage where the loan to value exceeds 80%. However, in recent years new options have surfaced from lenders that give home buyers the option … [Read more...] about How Much Is PMI On Jumbo Loans?
Memphis Jumbo Home Financing Loan Limits
Most buyers have heard the term “jumbo” as it relates to home mortgage lending, especially if you live in an area like higher-cost states like California, Florida, New York, etc, where property values are much greater than most … [Read more...] about Memphis Jumbo Home Financing Loan Limits