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Mortgage and Lending - Jumbo Mortgage Source
Jumbo Mortgage Source specializes in 95% Jumbo loan financing information for home buyers in all 50 states. Learn more about all the Jumbo loan programs for purchase and refinance at http://JumboMortgageSource.com
RECENT BLOG POSTS
In many parts of Florida,  obtaining a jumbo loan is a little easier as home values in certain pockets are much higher compared to other parts of the country. Currently, the conforming loan limit, those issued using guidelines established by Fannie Mae and Freddie Mac is $424,100 except a few cou...
09/01/2016
How’s California’s housing market doing? Are you buying or selling or maybe thinking of investing in real estate in California? Real estate values have mostly recovered and sellers are getting their asking prices but where is California headed and from where? Let’s talk a bit about the California...
08/21/2016
The requirements for jumbo loans have continued to relax in recent years. Florida's housing market overall has been on a steady rebound since the financial crisis year ago.  Until recently, the minimum down payment for jumbo mortgages was typically 15%, with some more aggressive lenders offering ...
08/02/2016
 A jumbo loan is a  non-conforming mortgage that provides financing for loan amounts higher the standard Fannie Mae and Freddie Mac loan limits. It may be a good choice if you are purchasing a higher priced home in Arizona and can manage larger monthly mortgage payments. Jumbo loans are available...
07/28/2016
The Federal Housing Administration (FHA), the largest residential mortgage insurer in the U.S. backing many single family and multi-family home loans around the nation. The FHA was created in 1934 and has insured millions of properties since. It is worth noting that FHA itself does not provide lo...
07/25/2016
Financing a luxury home in and around Wichita means obtaining a jumbo loan. For any mortgage loan above the current conventional loan limit of $417,000, lenders refer to these larger amounts as a jumbo mortgage. Getting approved for a jumbo loan is very much the same as getting approved for most ...
07/19/2016
When lenders evaluate a mortgage application, they primarily review three risk factors- credit, income and the ability to repay the debt and assets available to close on a transaction. As it relates to credit, lenders rely mostly on credit scores. Credit scores are a reflection of payment history...
07/05/2016
About one out of every five loans approved in today’s market is a jumbo loan. Depending upon the location of the property, most jumbo loans are those that are above the conforming loan limit of $417,000 and can be found in both fixed rate and adjustable rate programs in the form of a hybrid. Fixe...
06/26/2016
Minnesota home buyers now have more Jumbo loan options with low down payments.  In fact, qualified borrowers can finance up to 95% loan to value.  The is great for home buyers in high-cost locations of Minneapolis, St. Paul, Bloomington, Rochester, and Duluth.  The housing market has opened up ex...
06/23/2016
The housing market has continued to show signs of improvement in Oregon. As a result, select banks and lenders are starting to loosen mortgage qualifying requirements and allowing for lower down payments, even on Jumbo loans.  A Jumbo loan is a loan amount that exceeds the conforming loan limits ...
06/14/2016
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