If you’re in the mortgage industry you already know that both Fannie Mae and Freddie Mac raised the maximum conforming loan limit for 2023. The increase, from $647,200 to $726,200 took effect on January 1, 2023. Each year, Fannie … [Read more...] about Jumbo Loan Approval Kentucky
Jumbo Mortgage
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 $726,200 in Arizona. Certain high costs locations like California, Virginia, … [Read more...] about Phoenix-Scottsdale Jumbo Mortgage Options
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
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
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
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
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
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
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 $726,200 for a standard one-unit property. … [Read more...] about What Is Considered a Jumbo Loan?
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 $726,200. A Jumbo … [Read more...] about Charlotte Jumbo Mortgage Qualifying
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 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
Updated 2023 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 2023 Jumbo Mortgage Guide
Jumbo Mortgage Basics
The concept of a jumbo mortgage really first began back in 1970 as a result of actions taken by the Federal Government. Then, there were two Government Sponsored Entities, or GSEs, Fannie Mae and Freddie Mac which operated … [Read more...] about Jumbo Mortgage Basics
