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
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? … [Read more...] about Jumbo ARM or Fixed: Which is Better?
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 2024 Jumbo Home Financing 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
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
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 2023. In most of the U.S., the 2023 maximum conforming loan limit … [Read more...] about Conforming Loan Limits Increase 2023
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 $726,200 for a standard one-unit property. … [Read more...] about What Is Considered a Jumbo Loan?
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 $726,200. A Jumbo … [Read more...] about Charlotte Jumbo Mortgage Qualifying
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
A jumbo mortgage is defined as a mortgage that is different to most conventional loans, mainly in part that the amount of the loans is above the basic conforming loan limits. In Dallas, the standard conforming loan limit in 2023 … [Read more...] about Dallas Jumbo Mortgage – New Lending Updates
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 2023 Jumbo Mortgage Guide
Jumbo mortgage requirements have continued to relax across the nation. Approved home buyers in Virginia & Washington DC can now finance up to 96.5% Loan To Value. All the latest requirements are listed below, home buyers that … [Read more...] about Newly Updated Jumbo Loan Programs Washington DC
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
When financing luxury homes in Cleveland or homes located in a higher-cost area, a jumbo loan is typically the program of choice. Conventional or "Conforming" loans are those that conform to underwriting guidelines set by Fannie … [Read more...] about Most Popular Jumbo Programs Cleveland
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 2023 Jumbo Loan Requirements