destin: Jumbo Down Payment and Documentation Options in Florida
- 01/08/17 02:04 PM
The housing sector in Florida has maintained its strong indicators of improvement. Based on that information, certain banks and lenders have loosened their requirements to qualify for a mortgage and make lower down payments possible even for Jumbo loans. A Jumbo loan is a mortgage amount that surpasses the conforming loan limits of $424,100, a recently increased limit in 2017. Some areas across the country are considered high cost and may exceed this limit. Since a Jumbo Loan is always higher than a conforming loan, you'd think that the down payment percentage is also higher. That is simply not always the … (8 comments)
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