It’s relatively easy to get a general idea on what it takes to qualify for a conforming loan, a loan that conforms to Fannie Mae and Freddie Mac’s lending guidelines. Nearly two out of every three conforming mortgages issued today are of the Fannie and Freddie variety. Each conforming loan …Read More
Jumbo Mortgage Loan
Oklahoma Jumbo Financing Options
Oklahoma Jumbo Financing Options: Recent data regarding median home values in Oklahoma City show an affordable $130,500. Throughout the greater metropolitan area, including Moore, Norman, Midwest City, and Edmond, the median value falls somewhat lower to $119,000. This is significantly higher compared to 10 years ago when the median home …Read More
5% Down Jumbo Loan California
5% Down Jumbo Loan California: Jumbo loans are defined as mortgages that exceed the standard conforming loan limits. The 2020 Conforming Loan Limit is currently $510,400 in most locations except for some higher-cost locations in California, where the limits can be just over $765,600. Jumbo loans typically require a larger …Read More
5 Percent Down Jumbo Financing in Louisville
5 Percent Down Jumbo Financing in Louisville: Interest rates have been in or near historic range for more than three years now and jumbo rates have followed suit along with their conforming cousins. This means borrowers financing a jumbo purchase in Louisville, Kentucky can leverage their purchases and holding onto …Read More
95% Jumbo Home Financing Las Vegas
95% Jumbo loans are back in Las Vegas. This is great for home buyers that need to borrower more than the conventional or FHA loan limits permit and have limited down payment. The current conventional loan limit in Nevada is $510,400. FHA is capped at $322,000 in Clark County. Below …Read More
5% Down Payment Jumbo Virginia
Good news for homebuyers purchasing luxury properties around Richmond, Arlington, Virginia Beach, etc, that exceed the standard conventional and FHA loan limits. 5% down payment jumbo loans are once again available through select lenders and banks in Virginia. Qualified buyers can now finance up to 95% LTV for loan amounts up to …Read More
Jumbo Loan Financing 95%
A Florida jumbo loan is a mortgage where the loan amount is over the conforming limit. Because such a large amount is being borrowed lenders often charge slightly higher interest rates for these loans. Conforming loan limit varies based on your location, and is higher in areas of the country …Read More