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5% Down Jumbo Loan Albuquerque

This page updated and accurate as of 04/16/2021 Jumbo Loan

Jumbo Loan Albuquerque

Recent changes in conforming loan limits for 2020 raised the maximum loan cap from $510,400 to $548,250 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

Filed Under: 5% Down Jumbo Loan Tagged With: 5% down Jumbo New Mexico, Albuquerque Jumbo loan lenders, New Mexico Jumbo Mortgage, Santa Fe 10% down Jumbo

Why a Mortgage Preapproval Can Be Beneficial

This page updated and accurate as of 04/16/2021 Jumbo Loan

There are multiple advantages when shopping for a home with a preapproval letter in hand. In fact, it’s almost standard practice especially in areas where it’s a seller’s market and the seller has the upper hand during … [Read more...] about Why a Mortgage Preapproval Can Be Beneficial

Filed Under: Jumbo Mortgage Tagged With: Jumbo home loan approval, Jumbo loan preapproval, Jumbo mortgage application

Jumbo Loan Approval Kentucky

This page updated and accurate as of 04/16/2021 Jumbo Loan

If you’re in the mortgage industry you already know that both Fannie Mae and Freddie Mac raised the maximum conforming loan limit for 2021.  The increase, from $510,400 to $548,250 took effect on January 1, 2021. Each year, Fannie … [Read more...] about Jumbo Loan Approval Kentucky

Filed Under: Jumbo Mortgage Tagged With: 90% Jumbo Kentucky, 95% Jumbo Loan, Lexington Jumbo Loan, Louisville Jumbo Mortgage

Jumbo Mortgage Fix Rate Or ARM

This page updated and accurate as of 04/16/2021 Jumbo Loan

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

Filed Under: Jumbo Mortgage Tagged With: 30 year fix jumbo mortgage, 5/1 ARM jumbo, Jumbo ARM options, Jumbo fix rate options

Jumbo Mortgage Basics

This page updated and accurate as of 04/16/2021 Jumbo Loan

The concept of a jumbo mortgage really first began back in 1970 as a result of actions taken by the Federal Government. Then, there were two Government Sponsored Entities, or GSEs, Fannie Mae and Freddie Mac which operated … [Read more...] about Jumbo Mortgage Basics

Filed Under: Jumbo Mortgage Tagged With: Jumbo loan basics, Jumbo loan requirements, piggyback jumbo loan 80-15

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