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
FHA Home Loan News, Tips & Information
5% Down Jumbo Loan California
5% Down Jumbo Loan California: Jumbo loans are defined as mortgages that exceed the standard conforming loan limits. The 2019 Conventional Loan Limit is currently $484,350 in most locations except for some higher costs locations in California, Florida, where the limits can be just over $726,525. Jumbo loans typically require a larger …Read More
Texas FHA Home Loan Criteria
Texas FHA Home Loan Criteria: The Texas housing market is going strong with increased buying activity. More first time home buyers in Dallas, Houston, Austin, San Antonio, are now entering the market and looking for mortgage options that offer flexibility and manageable terms. The Federal Housing Administration is a mortgage insurer …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
Key Facts About Georgia FHA Loans
Key Facts About Georgia FHA Loans: FHA loans are mortgages that are issued by approved lenders and backed by the Federal Housing Administration. This program is unique in the way that the borrowers can still purchase a home in Georgia with only 3.5% down payment. FHA loans do require mortgage insurance costs, …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 $484,350. FHA is capped at $294,515 in Clark County. Below we have …Read More
New FHA student loan change
New FHA student loan changes coming: FHA announced some positive changes coming to the way student loan debt is calculated by lender and banks. The old FHA loan policy for student loan debt required mortgage companies to calculate a monthly payment for deferred Student Loans using 2 percent of the outstanding …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
Denver 95% Jumbo Financing
Some home buyers today require higher loan amounts just not offered through FHA or Conventional mortgage programs. Additionally, many of these buyers do not have the 20% down payment required by most lenders and banks on their jumbo loans. JMS is now proud to offer Colorado home buyers Jumbo financing …Read More
FHA Mortgage Interest Rates April 2016
FHA Mortgage Interest Rates April 2016 are starting out about the same as last month. The average FHA 30 year mortgage rate currently sits around 3.5-3.625% as we start April. The FHA interest rates noted assumes good credit (over 680 credit scores) and no added points. Home buyers always have the option to “buy down” their interest …Read More