Tag Archive for: jumbo loan

How To Buy An Investment Property With A Low Down Payment

Many individuals are considering purchasing a second home in addition to their primary residence. The increase in remote work makes buying a second home or an investment property possible for many homebuyers.Read More

Jumbo Loan vs Second Mortgage

There are a few differences between a jumbo loan and a second mortgage. Understanding these loans can help you decide which is right for you.Read More

What To Know About Jumbo Construction Loans

Future homebuyers may not realize they can build their own home without paying for construction out-of-pocket. Many lenders offer construction loans, which finance construction costs and allow homeowners to design their dream home without breaking the bank.Read More

Getting A Jumbo Loan With A Low Credit Score

Jumbo financing refers to when a property's loan amount exceeds the county loan limits set by Fannie Mae and Freddie Mac. Compared to other types of mortgage financing, jumbo guidelines are far more stringent and nuanced when it comes to income, assets, and credit. Often you can get much more competitive rates with these products, however, it can be much harder to qualify for.Read More

What Is A Jumbo Loan In California?

A jumbo loan in California is a loan amount that exceeds the conforming county loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a conventional (not government-insured) mortgage loan.Read More

Jumbo Loan Rates 3/4% LOWER In California and Texas

The Jumbo vs. Conforming Difference Widens! As of the date of this blog, December 13th, 2021, the rate for a $1 million jumbo loan at a 1/2 point cost is 2.5%. The […]Read More

Jumbo Market Gets Even Tighter as Wells Fargo Pulls Out; Forbearances Again

WELLS FARGO PULLS OUT OF JUMBO MARKET Wells Fargo announced yesterday that it is pulling out of the jumbo mortgage market, sending shock waves through the industry (b/c Wells is […]Read More