5 down payment jumbo: Jumbo Mortgage Loan Limit Changes
- 05/17/17 01:33 PM
Some of the Jumbo financing loan limits have recently been updated below. Home buyers that have questions can always reach us by calling 800-840-6449 or visit www.JumboMortgageSource.com for more info
95% Jumbo Financing: Max loan limits are $1,500,000 - 5% down payment 700 credit scores required for all 95% options No financial hardships in the previous 5 years 90% Jumbo Financing: Max loan limits are $2,500,000 - 10% down payment 720 credit score required when financing over 1.5mil Borrowers should be aware of the following: All the Jumbo financing options listed above are full documentation only. Income (2 years) and assets … (0 comments)
5 down payment jumbo: Hybrid ARM or Fixed? Best Jumbo Option
- 06/26/16 06:47 AM
About one out of every five loans approved in today’s market is a jumbo loan. Depending upon the location of the property, most jumbo loans are those that are above the conforming loan limit of $417,000 and can be found in both fixed rate and adjustable rate programs in the form of a hybrid. Fixed rates are typically offered in either 15 or 30 year terms while adjustable programs are of the hybrid version, where the initial rate is fixed for a predetermined period of time before turning into an adjustable rate that can change once per year. So, which is … (0 comments)
Some of the Jumbo financing loan limits have recently been updated below. Home buyers that have questions can always reach us by calling 800-840-6449 or visit www.JumboMortgageSource.com for more info
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