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
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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
Delaware Jumbo Financing High Balance Loans
Jumbo home loans today provide greater flexibility when compared to years past. In Delaware, the current conforming loan limit for Kent, New Castle, and Sussex County are $484,350. Any loan amount that exceeds this amount would … [Read more...] about Delaware Jumbo Financing High Balance Loans
California VA High Balance Jumbo Loans
California VA high balance Jumbo loans are fantastic for eligible vets buying a home. The standard VA loan limits for 100% VA financing in California range anywhere from $484,350 - $726,525. However, many Veterans are not aware … [Read more...] about California VA High Balance Jumbo Loans
Jumbo Loans for New Construction
All home buyers looking to build should know certain things when it comes to financing options. Designing and constructing a home exclusive to your needs is far more preferable for many people compared to buying an existing home. … [Read more...] about Jumbo Loans for New Construction
Understanding Jumbo Interest Rates
When you contact a bank or lender for an interest rate quote you’ll discover that while the rates similar, they can and will change over time. Have you ever wondered why? Why don’t lenders just issue an interest rate and let it go … [Read more...] about Understanding Jumbo Interest Rates
Jumbo Loan Approval Criteria
When it comes to Jumbo loans, lender and banks approve a mortgage request using requirements in addition to standard underwriting criteria. A guideline is often considered a "judgment call" based upon past experience or a loan … [Read more...] about Jumbo Loan Approval Criteria