Everyone has faced many changes and challenges over the last month due to the COVID-19 pandemic. The mortgage industry is no different and has seen many changes in regards to underwriting and loan approval requirements. Minimum … [Read more...] about Mortgage Lending Guideline Changes & COVID-19
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100% Doctor Mortgage Programs
New Doctor mortgage programs have emerged to include lower down payment options. Medical professionals have 100% financing options available for loan amounts up to $500,000. 95% Jumbo financing is also available for much greater … [Read more...] about 100% Doctor Mortgage Programs
Jumbo Loan Refinance? Now Might Be The Time
It's no secret mortgage interest rates are currently at their lowest levels ever as of March 2020. In fact, CNBC just reported that refinance applications have spiked 79% just this week alone. This is the highest level in over 10 … [Read more...] about Jumbo Loan Refinance? Now Might Be The Time
Loan Limits For Each Mortgage Program Explained
Today there are many choices when it comes to home mortgages. Nearly all loan programs will have limits in place depending on many different variables. In this post, we will discuss the loan limits for each mortgage program and … [Read more...] about Loan Limits For Each Mortgage Program Explained
San Bernardino County Jumbo Loan Chart
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
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