For high-earning self-employed entrepreneurs in Austin, traditional mortgage requirements can sometimes be a stumbling block in the finance process. Enter bank statement jumbo mortgage qualifying programs—this tool grants you the … [Read more...] about Austin Bank Statement Jumbo Mortgage Qualifying Programs
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FHA Jumbo Mortgage Benefits
FHA mortgages are a popular choice for homebuyers 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 $498,257 in most … [Read more...] about FHA Jumbo Mortgage Benefits
Conforming Loan Limits Increase 2024
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 2024. In most of the U.S., the 2024 maximum conforming loan limit … [Read more...] about Conforming Loan Limits Increase 2024
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 $766,550.A Jumbo … [Read more...] about Charlotte Jumbo Mortgage Qualifying
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 $766,550 for a standard one-unit property. … [Read more...] about What Is Considered a Jumbo Loan?
Oakland – Alameda County Jumbo Mortgage Differences
Areas in California represent some of the highest median home values in the continental United States, primarily in the cities of San Francisco, Los Angeles, and San Diego. However, in Oakland, the median home values are also on … [Read more...] about Oakland – Alameda County Jumbo Mortgage Differences
5% Down Jumbo Loan Albuquerque
Recent changes in conforming loan limits for 2024 raised the maximum loan cap from $647,200 to $766,550 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
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 a 20 percent or greater … [Read more...] about Wisconsin Jumbo Home Loan Financing
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 2024. The increase, from $726,200 to $766,550 took effect on January 1, 2024. Each year, Fannie … [Read more...] about Jumbo Loan Approval Kentucky
New 2024 Jumbo Loan Requirements
Homeowners can find all the latest guidelines listed below, please reach out to us to learn more about any of the options listed below. You can call the number above, or just submit the Quick Call form on this page.In the … [Read more...] about New 2024 Jumbo Loan Requirements
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
Nashville-Davidson County Jumbo Mortgage
Nashville and the surrounding locations have experienced rapid growth in recent years. Nashville currently adds about 100 new residents each day. Job growth and the real estate market in general, have steadily increased in recent … [Read more...] about Nashville-Davidson County Jumbo Mortgage
Jumbo Loan Guide For Self Employed Business Owners
Qualifying for a jumbo loan while being self-employed isn’t much different than getting any other type of mortgage. The majority of buyers who utilize jumbo financing today are self-employed. Jumbo loans are loan amounts above … [Read more...] about Jumbo Loan Guide For Self Employed Business Owners
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
Fort Myers Jumbo Mortgage Limits and Qualifying Guide
The real estate market in Fort Myers continues to perform well as nearly 1,000 people are moving to Florida each day. As a result, home values have remained pretty steady across the state, even with the market returning to more … [Read more...] about Fort Myers Jumbo Mortgage Limits and Qualifying Guide
