jumbo loans: Jumbo Loans Jumbo Mortgage Rates And Jumbo Lenders
- 01/09/10 10:39 PM
Many consumers wonder what the difference is between Jumbo loans and conforming loans or loan amounts. There also seems to be confusion about what the Jumbo Mortgage Rates should be in relation to conforming loan rates. For 2010, the maximum conforming loan limit for a single family residence is $417,000. Anything over that is considered to be a jumbo loan. Loans that are much greater than $1 million are also called super jumbo mortgage loans. There are also "high cost" loans which will not be covered here. The guidelines and requirements for jumbo loans are often different than conventional loans. … (0 comments)
Commercial Affiliates is a Northern Indiana Business Brokerage firm specializing in Business Property Transactions. Our service area extends south of Lake Michigan from Chicago to the Michigan Border.
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