Great news, the 5% down payment (95%) Jumbo mortgage loan limits have been increased from $1,000,000 to $1,500,000. This applies to approved home buyers nationwide. This is especially good news for home buyers in more expensive … [Read more...] about 95% Jumbo Financing Changes
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Phoenix-Scottsdale Jumbo Mortgage Options
A mortgage is considered a "jumbo loan" when the loan amount exceeds the set conforming loan limit. Conforming loans have a maximum loan amount of $766,550 in Arizona. Certain high costs locations like California, Virginia, … [Read more...] about Phoenix-Scottsdale Jumbo Mortgage Options
Newly Updated 2024 Jumbo Home Financing Guide
Jumbo mortgages fill an important gap for buyers purchasing higher-end homes that require loan amounts above the standard conventional mortgage limit. These mortgages exceed the conforming loan limits set by Freddie Mac and Fannie … [Read more...] about Newly Updated 2024 Jumbo Home Financing Guide
Jumbo Mortgage Fix Rate Or ARM
Getting approved for a jumbo mortgage loan is pretty much the same as other mortgage programs today. Most lenders and banks offer the same basic suite of loan options and among them is the jumbo mortgage. A jumbo mortgage by … [Read more...] about Jumbo Mortgage Fix Rate Or ARM
Duluth Jumbo and Government Home Loans
The Duluth housing market has remained robust in recent years. As a result, certain lenders are starting to relax loan qualifying requirements and allowing for reduced down payment mortgage options. Below we will take a look at … [Read more...] about Duluth Jumbo and Government Home Loans
Naperville, IL Low Down Payment Mortgage Programs
By far the most densely populated region in Illinois centers around Chicago. While Chicago is the most populous city in the state, surrounding communities also contribute to the overall Metropolitan Statistical Area or "MSA" One … [Read more...] about Naperville, IL Low Down Payment Mortgage Programs
Connecticut Jumbo Mortgage Guide
Qualified home buyers in Connecticut now have plenty of new Jumbo mortgage options available. Many of these new financing options require very little down payment and offer aggressive loan limits. Below we will outline all the … [Read more...] about Connecticut Jumbo Mortgage Guide
Raleigh Jumbo Mortgage Options
Home buyers in Raleigh, NC have some new mortgage options that are available up to 96.5% loan to value. These programs are especially helpful for home buyers who have limited down payments or just don't want to put down 10, 15, … [Read more...] about Raleigh Jumbo Mortgage Options
Most Popular Jumbo Programs Cleveland
When financing luxury homes in Cleveland or homes located in a higher-cost area, a jumbo loan is typically the program of choice. Conventional or "Conforming" loans are those that conform to underwriting guidelines set by Fannie … [Read more...] about Most Popular Jumbo Programs Cleveland
Dallas Jumbo Mortgage – New Lending Updates
A jumbo mortgage is defined as a mortgage that is different to most conventional loans, mainly in part that the amount of the loans is above the basic conforming loan limits. In Dallas, the standard conforming loan limit in 2024 … [Read more...] about Dallas Jumbo Mortgage – New Lending Updates
Updated 2024 Jumbo Mortgage Guide
You’ve probably heard the term “jumbo” as it relates to mortgage lending, especially if you live in an area like Florida, California, Massachusetts or New York where home values are much higher compared to other parts of the … [Read more...] about Updated 2024 Jumbo Mortgage Guide
Lowest Down Payment Jumbo Loan California
Many experts agree with today’s low rates, it makes sense to leverage your assets as much as possible when financing a home. However, with home values still on the rise from San Francisco to San Diego, jumbo loans are typically … [Read more...] about Lowest Down Payment Jumbo Loan California
Luxury Condo Financing Chicago
Those who begin exploring the option of living the condominium lifestyle soon discover there is more than just a place to live. On the other hand, there are those who would rather purchase a more traditional single-family luxury … [Read more...] about Luxury Condo Financing Chicago
Knoxville Jumbo Home Financing Programs
Financing a luxury home in and around Knoxville, TN means obtaining a jumbo loan. For any mortgage loan above the current conforming loan limit of $766,550, lenders refer to these larger amounts as a jumbo. Note: some locations in … [Read more...] about Knoxville Jumbo Home Financing Programs
Jumbo Loan Limit Caps 2024
Fannie Mae and Freddie Mac raised their respective conforming loan limit to $766,550 - January 1, 2024. Jumbo loan minimums in turn also increased to reflect the new 2024 Conforming Loan LimitsThe protocol was established … [Read more...] about Jumbo Loan Limit Caps 2024