A jumbo loan is one where the loan amount is greater than the prevailing conforming loan limit. For most of the country, Louisiana & New Orleans included, the conforming loan limit is $510,400. In other areas where the … [Read more...] about New Orleans Jumbo Loan Guide- 90% and 95% Financing
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Charlotte Jumbo Loan Qualifying Details, Down Payment
The mortgage market today for residential home loans today is broken down into three categories based – Government (FHA, VA, USDA) Conventional and Jumbo loans. Homebuyers in Charlotte will generally choose their loan type based … [Read more...] about Charlotte Jumbo Loan Qualifying Details, Down Payment
Las Vegas Jumbo Loan Choices
Mortgages today are considered "Jumbo" when the loan amount exceeds the prevailing conforming loan limit. In most parts of the country, Nevada and Clark County included, the conforming loan limit is $510,400. But in places where … [Read more...] about Las Vegas Jumbo Loan Choices
Jumbo Loans For Houston Self Employed Buyers
In Houston, a Jumbo loan is a mortgage amount that exceeds the conforming limits. The 2020 Texas Conforming Loan Limit in Houston -Harris County is currently $510,400. Jumbo loans have much of the same qualifying guidelines as … [Read more...] about Jumbo Loans For Houston Self Employed Buyers
What is a Super Jumbo Loan in California?
You’ve likely heard the terms “conforming loan” and “jumbo” as it relates to the mortgage industry. A conforming mortgage is one that conforms to Fannie Mae or Freddie Mac guidelines. When a lender approves a loan using conforming … [Read more...] about What is a Super Jumbo Loan in California?
Expanded Phoenix Jumbo Loan Programs
Jumbo mortgage options in Phoenix - Maricopa County have recently expanded to offer greater options for home buyers that require Jumbo home financing. These adjustments include a greater loan amount limits for 95% and 90% … [Read more...] about Expanded Phoenix Jumbo Loan Programs
Nashville-Davidson County Jumbo Home Financing
Nashville has seen explosive population growth over recent years and the housing market continues to expand as a result. Jumbo mortgages have always filled the gap for home buyers that require financing on larger loan amounts that … [Read more...] about Nashville-Davidson County Jumbo Home Financing
Salt Lake City – Jumbo Low Down Payment Options
Financing a luxury home typically means using a jumbo loan instead of a standard conforming. Current conforming loan limits issued by Fannie Mae and Freddie Mac are currently limited to $510,400 in most counties in Utah. Salt … [Read more...] about Salt Lake City – Jumbo Low Down Payment Options
Revised Wisconsin Jumbo Loan Limits
Homebuyers in Wisconsin have newly expanded Jumbo mortgage options and loan amount limits. The reduced down payment programs offer eligible and approved borrowers financing options up to 95%. Mortgages are categorized as Jumbo … [Read more...] about Revised Wisconsin Jumbo Loan Limits
Tips For a Smooth Jumbo Loan Approval
Around two out of every three home loans issued in today’s mortgage marketplace are those underwritten to either Fannie Mae or Freddie Mac guidelines. These loans are referred to as “conforming” loans because they conform to … [Read more...] about Tips For a Smooth Jumbo Loan Approval