If you're buying a high-priced home, especially in a competitive real estate market, chances are you’ve come across the term “jumbo loan.” These types of mortgages go beyond the limits set by Fannie Mae and Freddie Mac, which … [Read more...] about Jumbo Loans: Pros and Cons for Homebuyers
Jumbo Mortgage
2025 Jumbo Mortgage Interest Rate Forecast & Predictions
It's no secret that mortgage interest rates have pretty much doubled since the pandemic lows a few years back. Many borrowers that are considering a home purchase or refinance, want a better idea of where mortgage rates end up in … [Read more...] about 2025 Jumbo Mortgage Interest Rate Forecast & Predictions
How Much Is PMI On Jumbo Loans?
Private mortgage insurance or "PMI" for short has traditionally been required on any mortgage where the loan to value exceeds 80%. However, in recent years, new options have surfaced from lenders that give home buyers the option … [Read more...] about How Much Is PMI On Jumbo Loans?
Are Jumbo Mortgages Harder To Get Approved?
Many buyers are surprised to learn that Jumbo mortgages really aren't much different than regular conventional loans when it comes to getting approved. Much of the approval process depends on a handful of critical factors like … [Read more...] about Are Jumbo Mortgages Harder To Get Approved?
Most Common Jumbo Home Buyer FAQs
Each week we receive many questions about Jumbo mortgages. Below we have composed a list of the most common Jumbo home buyer FAQs. We encourage any home buyers that have questions to connect with us 7 days a week by calling the … [Read more...] about Most Common Jumbo Home Buyer FAQs
Are Jumbo Mortgage Rates Higher? In Depth Look
A common question we receive is are jumbo mortgage rates higher than conventional loan rates? Let's take an in-depth look at the question below and break it down. First, it's important to understand what exactly a jumbo loan … [Read more...] about Are Jumbo Mortgage Rates Higher? In Depth Look
Bank Statement Jumbo Loan For Self Employed Buyers
If you are a self-employed homebuyer you may be familiar with the difficulties of qualifying for a standard conventional mortgage that requires two years of tax returns. Bank Statement jumbo loans make approval easier by allowing … [Read more...] about Bank Statement Jumbo Loan For Self Employed Buyers
Refinancing Jumbo Loan Dallas Texas
Refinancing Jumbo Loan Dallas Texas: The Dallas-Fort Worth metroplex, which includes 12 counties, has an approximate population of more than 7 million and is growing. That means the appetite for new and existing housing is still … [Read more...] about Refinancing Jumbo Loan Dallas Texas
Differences Between Jumbo and Conforming Loans?
Depending on where you live, whether it's Cincinnati, Ohio or Portland, Oregon, median home prices can vary greatly from city to city. But what does not change is the difference between a conforming loan amount and a jumbo loan … [Read more...] about Differences Between Jumbo and Conforming Loans?
2025 Jumbo Loan Down Payment Standards
Fannie Mae recently announced the new conforming loan limits for 2025 as they do most years. This marks the eighth consecutive year of increases and is welcome news for luxury home buyers. The Federal Housing Finance Agency, or … [Read more...] about 2025 Jumbo Loan Down Payment Standards
