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jumbo loan: Jumbo Lending in Brentwood, TN
- 03/30/10 03:38 AM
Jumbo Lending in Brentwood, TN
Looking for a Jumbo Loan in Brentwood TN? First off let’s identify what a Jumbo loan in. For the Nashville MSA it is a loan amount greater than $417,000. Can a jumbo loan be had? Yes it can. The credit qualifications are a little higher and it requires a larger down payment.
Generally speaking you can go 90% loan to value (LTV) up to $650,000 with a minimum credit score of 700. 80% LTV to $1,000,000, credit score 700. 75% LTV to $1,500,000, Credit score 700 and 70% LTV up to $2,000,000. This requires a credit … (4 comments)
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