The new 2024 Conforming Loan Limits have just been published by Fannie Mae. Buyers can look up their state and county loan limits below. Most of the nation saw an increase of just over 40,000 in the conventional loan amount … [Read more...] about Just Updated 2024 Conforming Loan Limits
Jumbo Mortgage
Low Down Payment Jumbo Financing Austin Texas
The housing market in Austin has been very strong over the last year. Austin’s average home sold price is currently around $533,000, this is down just a bit year over year. However, Austin is still one of the highest in the … [Read more...] about Low Down Payment Jumbo Financing Austin Texas
Michigan Jumbo 5 Percent Down
Michigan home buyers now have the opportunity to finance higher-cost homes with up to 95% financing. The 5% down payment program is available for eligible homebuyers who meet the qualifying standards listed below. Jumbo loans … [Read more...] about Michigan Jumbo 5 Percent Down
Jumbo Piggyback: Finance a Jumbo Loan with Little Down
Lenders have their own internal lingo, not unlike any other industry quite frankly. There are acronyms everywhere such as PMI, DTI and LTV just to name a few. Lenders are also known to have assigned nicknames or other terms that … [Read more...] about Jumbo Piggyback: Finance a Jumbo Loan with Little Down
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
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
5 Things Jumbo Buyers Need to Know
A jumbo loan is one where the mortgage amount is above the conforming loan limit. Currently, the conforming loan limit for most parts of the country stands at $766,550. However, some locations deemed "high cost" like parts of … [Read more...] about 5 Things Jumbo Buyers Need to Know