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
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 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
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 that have limited down payments, or just don't want to put down 10, 15 … [Read more...] about Raleigh Jumbo Mortgage Options
Newly Updated 2023 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 2023 Jumbo Home Financing 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
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
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