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Vail CO Jumbo Loans | Jumbo Mortgage Company Vail

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Mortgage and Lending with Clear Path Home Loans NMLS #395819, #2564260

90% financing and low Jumbo Mortgage Rates on Colorado Jumbo Loans

Are you looking for a Vail Colorado Jumbo mortgage company?

It's a great time to take advantage of the jumbo mortgage program. We specialize in helping luxury home buyers who need higher balance jumbo mortgage financing.

What is a jumbo loan?

A jumbo mortgage loan in most counties is any loan that is greater than $417,000. However, there are some "high balance" counties in Colorado which are listed at the bottom of this article, or you can follow this link to the Fannie Mae County Loan Limits. These counties allow for "conforming" rates above $417,000 and up to the county limit.

Are home loan rates higher on jumbo mortgages in Vail?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. Until recently, this has not been the case. Call to obtain a customized quote for your situation as rates can vary according to your scenario and what the market is doing.

How do you qualify for a jumbo mortgage loan in Vail Colorado?

Jumbo mortgages can be more difficult to qualify for than conforming loans. You must first of all of good credit. Most lenders have a minimum credit score of 700, and for higher loan amounts, or higher loan-to-value ratios, your score must be above 740. Down payment requirements are as little as 10%, but rates improve with more down payment, generally 20%, 25%, and 30% down will get you a better deal. If you plan to also obtain a HELOC, or 2nd mortgage, that will also count in the loan-to-value calculation. Debt-to-income ratios must also be reasonable, generally in the 41-43% maximum range. Income must be documented through tax returns and/or W2s. Vail Jumbo home loans are not available on investment properties- primary residences and second homes only!

What kind of home loans can you get with a Vail Jumbo loan?

Fixed or adjustable rate loans are available. If your down payment is less than 20%, however, only ARMs are available, and they are available in 5 or 7 year terms (fixed for 5 or 7 years). Colorado High Balance County Limits 2014: Eagle County: $625,500 Garfield County: $625,500 Hinsdale County: $427,800 Lake County: $625,500 Ouray County: $425,500 Pitkin County: $625,500 Routt County: $625,500 Summit County: $625,500 We specialize in helping higher loan amount home buyers and can also help with jumbo loan refinances.

Call us in the office for a fast response and to get a customized Vail CO Jumbo Loan quote!

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RJ Baxter- Branch Manager, Educator, Speaker, Mountain Biker, Broncos Fan, Snowboard Shredder, Father of Two Crazy Kids

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303-670-0137 (direct)

baxterteam@intercaplending.com

215 Union Blvd, Suite 210

Lakewood, CO 80228

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