A jumbo loan, also known as a non-conforming or portfolio loan is a mortgage loan exceeding the conforming loan limits set by Freddie Mac and Fannie Mae, which vary by county or home type. In this post, we will review the latest … [Read more...] about Houston Jumbo Mortgage & Down Payment Requirements 2023
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High LTV Omaha Jumbo Loan
Omaha Jumbo loan programs have recently expanded to accommodate financing up to 95% for eligible home buyers. Flexible Jumbo mortgages have remained popular for many Nebraska home buyers that require a high balance loan.The … [Read more...] about High LTV Omaha Jumbo Loan
Texas VA Jumbo Loan Guide For Veterans
Texas Veterans have great home mortgage choices available today. VA Jumbo loans are great for those financing more than the standard Fannie Mae, Freddie Mac or VA loan limit, which is currently $726,200 in Texas. Eligible … [Read more...] about Texas VA Jumbo Loan Guide For Veterans
Jumbo Loan Options 5% and 10% Down St. Louis
Jumbo loans are mortgages that exceed the current conforming loan amounts established by mortgage giants Fannie Mae and Freddie Mac. Just recently, they announced the conforming loan limit increase from $647,200 to $726,200 … [Read more...] about Jumbo Loan Options 5% and 10% Down St. Louis
5% Down Jumbo Loan Albuquerque
Recent changes in conforming loan limits for 2023 raised the maximum loan cap from $647,200 to $726,200 in New Mexico. That also changed the minimum amount for a jumbo loan. A jumbo loan is one that is greater than the conforming … [Read more...] about 5% Down Jumbo Loan Albuquerque
Jumbo Loan Approval Kentucky
If you’re in the mortgage industry you already know that both Fannie Mae and Freddie Mac raised the maximum conforming loan limit for 2023. The increase, from $647,200 to $726,200 took effect on January 1, 2023. Each year, Fannie … [Read more...] about Jumbo Loan Approval Kentucky
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 $726,200, lenders refer to these larger amounts as a jumbo. Note: some locations in … [Read more...] about Knoxville Jumbo Home Financing Programs
Tulsa Jumbo Real Estate Financing
Tulsa, Oklahoma is the second largest city in Oklahoma behind the state capital of Oklahoma City. The city is located in the southern portion of the Great Plains and much of the land in the state is rather flat, which is one … [Read more...] about Tulsa Jumbo Real Estate Financing
Jumbo Loan Details For Reno Home Buyers
Jumbo loans are characterized as any mortgage amount that exceeds the normal 2023 conforming loan limits of $726,200 for all of Nevada and most of the U.S. Jumbo financing options are made available to qualified borrowers in Reno … [Read more...] about Jumbo Loan Details For Reno Home Buyers
Las Vegas Jumbo Mortgage Programs
Home buyers today in Las Vegas have much more jumbo financing flexibility today when compared to years ago. Jumbo financing used to require large down payments, in some cases over 20% depending on the bank or lender. Today … [Read more...] about Las Vegas Jumbo Mortgage Programs
Conforming Loan Limits Increase 2023
The Federal Housing Finance Agency (FHFA) recently announced the new maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023. In most of the U.S., the 2023 maximum conforming loan limit … [Read more...] about Conforming Loan Limits Increase 2023
Jumbo Construction Permanent Mortgage
Jumbo construction loans enable buyers to finance and build their luxury homes through the duration of construction. The construction to permanent loans (also known as "CP" loan for short) is designed for the time required to … [Read more...] about Jumbo Construction Permanent Mortgage
What Is Considered a Jumbo Loan?
What is considered a jumbo loan? The short answer is any mortgage amount that exceeds the conforming loan limit. For most of the nation, the current conventional loan limit is set at $726,200 for a standard one-unit property. … [Read more...] about What Is Considered a Jumbo Loan?
Charlotte Jumbo Mortgage Qualifying
Jumbo loans are so-called primarily due to the amount borrowed compared with the conforming loan limit for the area. In most parts of the country like Charlotte, the maximum conforming loan limit is currently $726,200. A Jumbo … [Read more...] about Charlotte Jumbo Mortgage Qualifying
Jumbo Financing for High End Homes in Boston
One can look back to 2009 when home prices were at their lowest in years, this is a result of the general economic decline felt in most regions of the country. The housing market in Boston, Massachusetts has always held values … [Read more...] about Jumbo Financing for High End Homes in Boston