The new 2021 Conforming Loan Limits have just been published by Fannie Mae. Buyers can look up their state and county loan limits below. Most of the nation saw an increase of $37,850 in the conventional loan amount limits. Overall … [Read more...] about Just Updated 2021 Conforming Loan Limits
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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 $548,250 in many parts of the country, Charleston included. High balance loans are … [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
Little Rock Jumbo Home Loan – Minimal Down Payment
Little Rock homebuyers in seeking Jumbo mortgage amounts can read about the new reduced down payment programs available today. First, it's important to identify the meaning of a Jumbo loan. In Pulaski County and all of Arkansas, … [Read more...] about Little Rock Jumbo Home Loan – Minimal Down Payment
Insurance: What You Need to Know When Financing a Rental Property
When financing a rental property, or any property for that matter, the lender will require an insurance policy. Not to say you should ever consider not insuring a home, but the lender will not just require insurance but also a … [Read more...] about Insurance: What You Need to Know When Financing a Rental Property
Minneapolis Jumbo Loans Without PMI
The high-end housing market in Minneapolis has remained steady in recent years. Jumbo loan programs are helping to fuel the luxury market in Minnesota by offering new expanded low down payment options. In this short post, we will … [Read more...] about Minneapolis Jumbo Loans Without PMI