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
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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 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 go beyond … [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
Interest Rate Forecast: January-June 2019
If you’re buying a home soon, refinancing or thinking of taking out debt consolidation, one of the most important factors to consider is your personal cost of funds- the interest rate on your new mortgage. What we’ll do in this … [Read more...] about Interest Rate Forecast: January-June 2019
What Is Considered a Jumbo Loan Today?
What is considered a Jumbo loan today will depend primarily on the property location. Basically, any loan amount that exceeds the Fannie Mae and Freddie Mac conforming loan limits is considered a Jumbo mortgage. The current … [Read more...] about What Is Considered a Jumbo Loan Today?