south tampa mortgage: South Tampa Mortgage | Jumbo Loan Financing Takes a Beating
- 09/05/07 08:12 AM
For luxury buyers in South Tampaand throughout Hillsborough County, there is a bigger hurdle for financing the dream home...the Jumbo Mortgage. If you are not familiar with the term, "Jumbo Mortgage", it is a type of mortgage for individuals looking for a loan over the conforming loan limit. The conforming loan limit for our area happens to be $417,000. Hence, a buyer looking to purchase a million dollar home and take out a loan for $700,000 may need a Jumbo Loan. The roller coaster events in the mortgage industry have caused lenders to take caution with the Jumbo and Super Jumbo loan market, … (12 comments)
For luxury buyers in South Tampaand throughout Hillsborough County, there is a bigger hurdle for financing the dream home...the Jumbo Mortgage.
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