95 jumbo mortgage birmingham: Birmingham Jumbo Financing Options
- 09/26/16 04:18 AM
With the median home value in Birmingham at approximately $168,000 and a median household income of $36,000, homes are very affordable in this southern city. Yet despite this relatively low median home value, the luxury home market is doing just fine. There are approximately 1,100 homes listed for sale that falls into the jumbo category in pockets in and around Birmingham. The current conforming loan limit for Birmingham is $424,100. Any loan higher that is considered a jumbo loan and jumbo loans have their own set of qualifying guidelines. One of the guidelines for jumbo loans is a higher down payment. Current … (0 comments)
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