Recent data regarding median home values in Oklahoma City show an affordable $198,000 in 2023. This is up 13% from last year. Throughout the greater metropolitan area, including Moore, Norman, Midwest City, and Edmond, the median value falls somewhat lower to $150,000. This is significantly higher compared to 10 years …Read More
Jumbo Mortgage Loan
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
5 Percent Down Jumbo Financing in Louisville
5 Percent Down Jumbo Financing in Louisville: Interest rates have been in or near historic lows 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 borrow more than the conventional or FHA loan limits permit and have a limited down payment. The current 2023 conventional loan limit in Nevada is $726,200. FHA is capped at $494,500 in Clark …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 limits vary based on your location, and are higher in areas of the country …Read More
5% Down Jumbo Loan California
The housing market in California is overall strong in 2023. The median home price recently increased slightly to $801,000. The new median sales price of existing single-family homes. Many of these higher-priced homes require Jumbo financing. Jumbo loans are defined as mortgages that exceed the standard conforming loan limits. The …Read More
Dallas Jumbo Home Loans With Min Down Payment
Financing a luxury home in Dallas usually meant coming up with a relatively large down payment. Some buyers don’t like to pull out such a large amount from their investment portfolio and tie up those funds in a real estate transaction. In Texas, mortgage loans that are greater than $726,200 …Read More
5 Jumbo Loan Myths Busted
It’s relatively easy to get a general idea of 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