washington 90 jumbo: DC Low Down Payment Jumbo Loans
- 06/24/18 08:26 AM
In many parts of DC, the thought of getting a jumbo loan is almost automatic as home values in certain pockets are much higher compared to other parts of the country. Currently, the conforming loan limit, those issued using guidelines established by Fannie Mae and Freddie Mac is $484,350 for standard locations across the U.S. Locations that are considered "high cost" like the District of Columbia and surrounding suburbs have conventional loan limits up to $726,525. Anything above that means a jumbo loan, often with slightly more restrictive approval guidelines. There are fewer jumbo lenders compared to lenders who offer conventional or … (0 comments)
In many parts of DC, the thought of getting a jumbo loan is almost automatic as home values in certain pockets are much higher compared to other parts of the country. Currently, the conforming loan limit, those issued using guidelines established by Fannie Mae and Freddie Mac is $484,350 for standard locations across the U.S. Locations that are considered "high cost" like the District of Columbia and surrounding suburbs have conventional loan limits up to $726,525. Anything above that means a jumbo loan, often with slightly more restrictive approval guidelines. There are fewer jumbo lenders compared to lenders who offer conventional or … (0 comments)
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