Fannie Mae just announced the new conforming loan limits for 2023 as they do every November. This marks the seventh consecutive year of increases and is welcome news for luxury home buyers.The Federal Housing Finance Agency, … [Read more...] about 2023 Jumbo Loan Down Payment Standards
Jumbo Refinance
Jumbo Loans With 5% Down Payment
Low down payment Jumbo loans have been making a comeback in recent months. Many home buyers are unaware they can obtain Jumbo financing without a 20% down payment. Approved home buyers now have high balance mortgage options up to … [Read more...] about Jumbo Loans With 5% Down Payment
Jumbo Loan Refinance? Now Might Be The Time
It's no secret mortgage interest rates are currently at their lowest levels ever this year. In fact, CNBC reported that refinance applications have spiked 79% just this week alone. This is the highest level in over 10 years. … [Read more...] about Jumbo Loan Refinance? Now Might Be The Time
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
Jumbo Cash Out Refinance 95 percent
Florida homeowners now have cash-out refinance options up to 95 percent loan to value. A cash-out refinance can be great to pay for needed home improvement or consolidate higher interest debt, etc. Keep in mind Jumbo mortgage … [Read more...] about Jumbo Cash Out Refinance 95 percent
Jumbo Down Payment Requirements 2023
Jumbo Down Payment Requirements: With jumbo mortgage rates as competitive as they are, many borrowers financing a higher-end home will likely have a chat with their financial planner to see if leveraging these low rates makes … [Read more...] about Jumbo Down Payment Requirements 2023
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