Jumbo mortgages are loans that exceed Spokane's 2024 Conforming Loan Limits of $766,550. This same limit applies to all but three counties in Washington state. Snohomish, Pierce, and King County are higher-cost counties and the … [Read more...] about Maximizing Your Jumbo Mortgage: Spokane Rates and Guidelines
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First Time Homebuyer Jumbo Loans
Over just the past few years, the number of different loan programs has fallen into primarily two categories. Conventional loans and government-backed mortgages. Conventional loans are those typically underwritten to guidelines … [Read more...] about First Time Homebuyer Jumbo Loans
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
High LTV Jumbo Financing Boston
Buyers seeking to finance a luxury home in Boston know firsthand that property values in the area are higher compared to most areas of the country. Recent data from Zillow shows the median home value in Boston is hoving around … [Read more...] about High LTV Jumbo Financing Boston
Colorado Jumbo Financing 95 Percent LTV
Down payment requirements for jumbo loans have been changing in recent years. Many homebuyers in Colorado still aren't aware they can finance up to 95% loan to value through select lenders and banks.Long gone are the days when … [Read more...] about Colorado Jumbo Financing 95 Percent LTV
Jumbo Loan Application & Pre-Approval Process
For those purchasing a higher-priced home, their loan options are generally confined to the jumbo mortgage arena. But that doesn’t necessarily mean a jumbo loan is more limited, or difficult to qualify when compared to a … [Read more...] about Jumbo Loan Application & Pre-Approval Process
Des Moines Jumbo Home Programs – Lender Requirements
A Jumbo loan is considered to be any mortgage greater than the 2024 conforming loan limit of $766,550 in Iowa. In the past, these programs often required putting large down payments, 15% or 20% to be qualified.However, today … [Read more...] about Des Moines Jumbo Home Programs – Lender Requirements
California Jumbo Loan Appraisal Process
Regardless of what your sales contract says when you buy that higher-end home in California, that might not be the final value your lender will use when evaluating your loan application. Does that surprise you? It does many, but … [Read more...] about California Jumbo Loan Appraisal Process
Jumbo Loan Without a 20% Down Payment
It’s one of those myths or misunderstandings that those buying a higher-end home need to have a down payment of at least 20%, but that’s not the case. As more and more areas across the U.S. see property values continue to climb, … [Read more...] about Jumbo Loan Without a 20% Down Payment
New 3.5% Down Jumbo Loan Options
Jumbo financing options have continued to expand. As a result, financing LTV limits have increased from 95% to 96.5%. This new 3.5% down Jumbo loan has a few added qualifying requirements not required in the higher down payment … [Read more...] about New 3.5% Down Jumbo Loan Options