Greenwood Village Colorado Jumbo Loans

90% financing and low Jumbo Mortgage Rates on Colorado Jumbo Loans

Are you looking for a Jumbo Mortgage lender in Greenwood Village CO?

There has never been a better time than right now to take advantage of this program. We specialize in helping luxury home buyers who need financing for higher jumbo loan amounts.

What is a jumbo loan?

A jumbo home loan in most counties is any loan with a balance greater than $417,000. There are some "high balance" counties in Colorado and they are listed at the bottom of this article or follow this link to the Fannie Mae County Loan Limits.

These counties allow for "conforming" rates above $417,000 and up to the county limit. Are rates higher on jumbo home loans in Greenwood Village?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. This has not been the case until recently. Call us and we will provide a customized quote for your home loan as rates can vary according to your scenario and what the market is doing.

What are the guidelines for qualifying for a jumbo mortgage in Greenwood Village CO?

Jumbo home loans can be more difficult to obtain than conforming loans. You must first of all of good credit. Most lenders have a minimum credit score of 700, and for higher loan amounts, or higher loan-to-value ratios, your score must be above 740. Your down payment can be as low as 10%, but rates and terms improve with more down payment, generally 20%, 25%, and 30% down will get you a better deal. If you plan to also obtain a HELOC, or 2nd mortgage, that will also count in the loan-to-value calculation.

Debt-to-income are generally capped in the 41-43% maximum range. Income must be documented through tax returns and/or W2s. Greenwood Village Jumbo financing is also not available on investment properties- primary residences and second homes only!

What kind of home loans can you get with a Greenwood Village Jumbo loan?

Fixed or adjustable rate loans are available. If your down payment is less than 20%, however, only ARMs are available, and they are available in 5 or 7 year terms (fixed for 5 or 7 years). Colorado High Balance County Limits 2014: Eagle County: $625,500 Garfield County: $625,500 Hinsdale County: $427,800 Lake County: $625,500 Ouray County: $425,500 Pitkin County: $625,500 Routt County: $625,500 Summit County: $625,500 We specialize in helping jumbo home buyers and can also help with jumbo home loan refinances.

Call us in the office today. We will respond quickly and will give you honest answers to your Greenwood Village Colorado Jumbo Mortgage questions.