What is considered a jumbo loan? The short answer is any mortgage amount the exceeds the conforming loan limit. For most of the nation, the current conventional loan limit is set at $484,350 for a standard one-unit property. … [Read more...] about What Is Considered a Jumbo Loan?
Jumbo Mortgage
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 amounts being loaned is considered above the basic conforming loan limits. In Dallas, the standard conforming loan limit … [Read more...] about Dallas Jumbo Mortgage – New Lending Updates
Jumbo Loan Details For Reno Home Buyers
Jumbo loans are characterized as any mortgage amount that exceeds the normal conforming loan limit of $484,350 for all of Nevada and most the U.S. Jumbo financing options are made available to qualified borrowers in Reno who want … [Read more...] about Jumbo Loan Details For Reno Home Buyers
Updated 2019 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 2019 Jumbo Mortgage Guide
Wisconsin Jumbo Home Loan Financing
Home buyers across Wisconsin including Milwaukee, Madison, and Green Bay have new Jumbo home mortgage programs available that require very low down payments. It seemed not long ago many Jumbo loans required 20 percent or greater … [Read more...] about Wisconsin Jumbo Home Loan Financing
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
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
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
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
Why a Mortgage Preapproval Can Be Beneficial
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