| |
jumbo mortgage: Need A Higher Loan Amount Than 2009 Conforming Loan Limit for Southern Oregon Allows? - 12/23/08 06:02 PM
For a while in 2008, high dollar home purchasers and homeowners in Southern Oregon had a window of opportunity to get reasonable pricing if the loan amount they wanted was higher than $417,000, placing them in the "non-conforming Jumbo" loan category.
Party's over folks. We're back to $417,000 as the maximum conforming loan limit for our area. The Agency High Balance Loan Limits will not be available to us here in Jackson and Josephine County like they are in high cost areas of California and other states that may go as high as $625,500 for a single family residence.
But, good … (1 comments)
|
jumbo mortgage: 2009 Conforming Loan Limits Are Changing - 11/07/08 12:37 PM
In order to help stimulate sluggishness in the high cost real estate markets, Fannie Mae and Freddie Mac had increased their loan limits for the second ½ of 2007 and for 2008 to $729,750. Based on declining values, they are adjusting these limits downward accordingly.
The new * Agency High Balance max conforming loan limit for the continental U.S. will be $625,500 for 2009
Here in Southern Oregon, this loan limit will cover most of our properties, as our medians are well below this limit. But, our neighbors to the South in the high-cost markets of California may still … (2 comments)
|
jumbo mortgage: Oregon Jumbo Real Estate Loans Still Available - 10/06/08 07:04 PM
Here it is October 6, 2008, and did you know you can still get a 30 year fixed rate Jumbo loan up to $600,000 (fully qualifying) up to 80% loan-to-value with an interest rate of 6.125% (6.253% a.p.r.)? Or, how about up to 90% loan-to-value, self-insured (lender pays for the private mortgage insurance), with an interest rate of 6.50% (6.631% a.p.r.)? For buyers purchasing or refinancing in Ashland, Jacksonville, Southwest and East Medford, and purchasing or refinancing waterfront or "gentleman farm"/mini ranch property, these higher loan amounts can come in handy.
See you at the closing table!
Karen Cooper - OR/CA … (0 comments)
|
jumbo mortgage: Who Says Jumbo Loans Cost Too Much For Oregon Buyers!? - 06/02/08 07:59 PM
Here in Ashland, Oregon, where the current median priced resale home sells for $355,000 and a new home for $389,000 per JacStats.com, we happen to have a fair number of properties priced above the maximum conforming loan limit of $417,000, and the temporary jumbo conforming limit of $422,500 for a single family home.
We've heard so much about how high the costs have gone on Jumbo real estate loan financing since the credit tightening, but did you know a 30 year fixed rate loan of $600,000 with a 20% down payment is currently at 6.125% with ¾ point cost (6.253 apr)? … (2 comments)
|
|
|
|
|
|
Karen Pierce Cooper
Medford,
OR
More about me…
Karen Pierce Cooper| Housing Counselor |Oregon
Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501
Office Phone: (541) 779-6691
Email Me
Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there! ,
Ashland, OR (97520) Current Weather
, ,
 Listings
Links
Archives
|
;)
;)
;)
