conforming loan limit nc: New Jumbo Loan Programs North Carolina
- 01/27/18 10:33 AM
Property values have continued a nice rebound across North Carolina in recent years, especially Charlotte. As a result, mortgage companies are starting to pull back on Jumbo loan qualifying requirements and allowing for higher loan to value. In fact qualified home buyers can now secure up to 95% Jumbo financing, only 5% down payment needed up to loan amounts of $2.0 mil.
Let's discuss exactly what is considered a jumbo and some of LTV criteria. A Jumbo loan is a mortgage that exceeds the conforming loan limits of $484,350. Some high-cost locations around the U.S. can exceed this limit (California, Florida, etc) but … (0 comments)
Property values have continued a nice rebound across North Carolina in recent years, especially Charlotte. As a result, mortgage companies are starting to pull back on Jumbo loan qualifying requirements and allowing for higher loan to value. In fact qualified home buyers can now secure up to 95% Jumbo financing, only 5% down payment needed up to loan amounts of $2.0 mil. 
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