Home buyers in Raleigh, NC have some new mortgage options that are available up to 95% loan to value. These programs are especially helpful for home buyers that have limited down payments, or just don't want to put down 10, 15 or … [Read more...] about Raleigh Jumbo Mortgage Options
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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
Jumbo Mortgage Cash Out Refinance
Jumbo mortgage rates have remained near all-time low levels this year, which is why many homeowners continue to refinance their home loans. Refinancing your mortgage can provide many benefits to you in the way of lower interest … [Read more...] about Jumbo Mortgage Cash Out Refinance
Jumbo ARM or Fixed: Which is Better?
When shopping for a luxury home you demand certain characteristics of a potential purchase. Where do you want to live? Will this be a primary residence or are you buying a second home to spend part of the year? How big? Single … [Read more...] about Jumbo ARM or Fixed: Which is Better?
95% Jumbo Financing Changes
Great news, the 5% down payment (95%) Jumbo mortgage loan limits have been increased from $1,000,000 to $2,000,000. 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
Jumbo Loan Limit Caps 2019
Fannie Mae and Freddie Mac raised their respective conforming loan limit to $484,350 - January 1, 2019. Jumbo loan minimums in turn also increased to reflect the 2019 Conforming Loan Limits The protocol was established in … [Read more...] about Jumbo Loan Limit Caps 2019
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 $484,350. A Jumbo … [Read more...] about Charlotte Jumbo Mortgage Qualifying
FHA Jumbo Mortgage Benefits
FHA mortgages are a popular choice for home buyers because they offer lower down payment options and have more flexible credit standards than many other mortgage loan types. FHA loan limits are capped out to around $300,000 in … [Read more...] about FHA Jumbo Mortgage Benefits
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 $484,350 in Arizona. Certain high costs locations like California, Virginia, … [Read more...] about Phoenix-Scottsdale Jumbo Mortgage Options
Virginia Beach Jumbo Mortgage Financing
Sometimes lenders refer to qualifying for a jumbo mortgage as the “Three C’s” which is a moniker for Collateral, Capacity, and Character. The phrase is a generalization but overall it’s a phrase heard often in the lending world. … [Read more...] about Virginia Beach Jumbo Mortgage Financing