As it relates to loan limits to purchase a residential property, there are three maybe four different categories these limits can fall into. Conforming loan limits are those that follow the guidelines set by Fannie Mae and Freddie … [Read more...] about High Balance Jumbo Programs Chicago
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Denver Low Down Payment Jumbo Loans
When financing a higher-priced home in Denver, a jumbo loan can be the ideal fit for your needs. Jumbo programs today allow for more down payment flexibility, lower rates and a verity of term options. A jumbo mortgage is a home … [Read more...] about Denver Low Down Payment Jumbo Loans
New Jumbo Loan Guidelines Rhode Island
Jumbo loan guidelines have continued to relax in recent years. Rhode Island's housing market overall has been on a steady rebound since the financial crisis back in 2007. Until recently, the minimum down payment for jumbo … [Read more...] about New Jumbo Loan Guidelines Rhode Island
St. Louis Jumbo Loan Standards
The jumbo loan options in St. Louis have continued to expand in 2019. Qualified buyers now have financing options unheard of just a few years ago. Any mortgage amount that exceeds the standard conforming loan limit is considered … [Read more...] about St. Louis Jumbo Loan Standards
2019 Jumbo Loan Down Payment Standards
Fannie Mae just announced the new conforming loan limits for 2019 as they do every November. Last year, due to recovering home values, we witnessed the first year-over-year increase in the conforming loan limit in nearly a decade. … [Read more...] about 2019 Jumbo Loan Down Payment Standards
San Diego Jumbo Down Payment Requirement
The Jumbo loan remains popular in high-cost locations throughout California including San Diego. Jumbo mortgages are defined as any loan amount that exceeds the base conforming loan limit. For San Diego County, the limit is … [Read more...] about San Diego Jumbo Down Payment Requirement
VA High Balance Jumbo Loan Programs
With VA home loans as with other mortgage programs, there are guidelines and there are requirements. Guidelines are issued by the VA that approved VA lenders follow but do have some flexibility. A good example of a VA guideline … [Read more...] about VA High Balance Jumbo Loan Programs
Can I Get Jumbo Loan With 10% Down Payment?
Borrowers often ask "Can I Get Jumbo Loan With 10% Down Payment?" The answer is Yes, assuming the borrower meets the loan qualifying requirements listed below. In fact, there are also financing options that allow only 5% down, … [Read more...] about Can I Get Jumbo Loan With 10% Down Payment?
Des Moines Jumbo Home Programs – Lender Requirements
A Jumbo loan is considered to be any mortgage amounts greater than $484,350 in Iowa. In the past, these programs often required putting large down payments, 15% or 20% to be qualified. However, today many qualified home buyers … [Read more...] about Des Moines Jumbo Home Programs – Lender Requirements
Utah Home Loan Limits Explained
Various loan programs in Utah have their own internal guidelines that lenders and banks follow. Most of these guidelines are similar from one program to another and follow the same basic documentation process. For example, lenders … [Read more...] about Utah Home Loan Limits Explained