A jumbo loan, also known as a non-conforming or portfolio loan is a mortgage loan exceeding the conforming loan limits set by Freddie Mac and Fannie Mae, which vary by county or home type. In this post, we will review the latest … [Read more...] about Houston Jumbo Mortgage & Down Payment Requirements 2023
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New Jersey Jumbo Loan Qualifying Guidelines
New Jersey mortgage loans can fall into one of three categories- conforming, conforming high balance, and jumbo. Jumbo loans can also be called “non-conforming” because they don’t fall into the conforming loan limits set forth by … [Read more...] about New Jersey Jumbo Loan Qualifying Guidelines
Texas VA Jumbo Loan Guide For Veterans
Texas Veterans have great home mortgage choices available today. VA Jumbo loans are great for those financing more than the standard Fannie Mae, Freddie Mac or VA loan limit, which is currently $726,200 in Texas. Eligible … [Read more...] about Texas VA Jumbo Loan Guide For Veterans
Jumbo Loan Options 5% and 10% Down St. Louis
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
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
Albany Jumbo Qualifying Guidelines, Loan Limits
There are many new attractive Jumbo loan programs available to qualified buyers in Albany today. What exactly is considered a "Jumbo" loan will depend on the location of the property. A conforming loan "conforms" to conventional … [Read more...] about Albany Jumbo Qualifying Guidelines, Loan Limits
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
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 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. In fact, the majority of buyers who utilize jumbo financing today are self-employed. Jumbo loans are loan amounts … [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
95% Jumbo Financing Changes
Great news, the 5% down payment (95%) Jumbo mortgage loan limits have been increased from $1,000,000 to $1,500,000. 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 Mortgage Fix Rate Or ARM
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
Duluth Jumbo and Government Home Loans
The Duluth housing market has remained robust in recent years. As a result, certain lenders are starting to relax loan qualifying requirements and allowing for reduced down payment mortgage options. Below we will take a look at … [Read more...] about Duluth Jumbo and Government Home Loans
Naperville, IL Low Down Payment Mortgage Programs
By far the most densely populated region in Illinois centers around Chicago. While Chicago is the most populous city in the state, surrounding communities also contribute to the overall Metropolitan Statistical Area or "MSA" One … [Read more...] about Naperville, IL Low Down Payment Mortgage Programs
Connecticut Jumbo Mortgage Guide
Qualified home buyers in Connecticut now have plenty of new Jumbo mortgage options available. Many of these new financing options require very little down payment and offer aggressive loan limits. Below we will outline all the … [Read more...] about Connecticut Jumbo Mortgage Guide
