Tag Archive for: jumbo loans

How To Qualify For A Mortgage If You Owe Taxes

Securing a mortgage can be a daunting journey, especially if you find yourself in the unique position of owing taxes. Many potential homeowners worry that their tax liabilities might stand in the way of achieving their dream of homeownership. However, the situation may not be as bleak as it seems.Read More

“Reserves” – Why & When They Are SO IMPORTANT!

WHY TWO NEARLY IDENTICAL BORROWERS GOT 1/2% DIFFERENT RATES We recently had two nearly identical borrowers get rate quotes that were 1/2% different on the same day they were quoted […]Read More

Offer Rent-Backs To Get Offers Accepted; ARMS Are Back!

ONE MORE REASON JUMBO RATES ARE LOWER THAN CONFORMING After reading this recent blog, a friend of mine who owns a mortgage bank reminded me of one more reason why […]Read More

Why Are Jumbo Interest Rates So Much Lower Than Conforming?

Our jumbo rates are now sometimes as much as 1/2% lower than conforming (Fannie/Freddie) rates (and today is no exception). Today’s blog explains some of the reasons why. Stricter Qualifications […]Read More

Jumbo Lending Explained – How We Target Jumbo “Investors” For Every Borrower

We had an appraisal come in low last week, and the agents seemed to believe that our choice of “jumbo investor” (PenFed) had something to do with the low appraisal […]Read More

Buying A Home For Your Child – Options?

WHAT IS THE BEST WAY TO BUY A HOME FOR YOUR CHILD? This is a question we see quite often so I thought I’d list the options. No Mas “FHA […]Read More

Jumbo Mortgages – Why Are They So Much Less Profitable?

We are great at funding jumbo loans – which is a blessing and a curse. “Jumbo loans” are any loans that exceed conforming (Fannie/Freddie) loan limits for a given area. […]Read More

JVM Aligns With New Mortgage Bank; The Need For Speed & Jumbo!

We recently aligned with a new mortgage bank for three reasons: (1) to drastically shorten our closing periods; (2) to offer even lower rates; and (3) to access much better […]Read More

Why “Now” Is Always The Best Time To Refi; Jumbo Returns :)

GREAT NEWS – JUMBO HAS RETURNED! As expected and hoped for, one of our best jumbo investors returned to the market today with far lower rates. We are now very […]Read More

Forbearances Explained; ≠ Free Lunch; Mortgage Industry In Panic Mode

The entire Mortgage Industry is in a state of panic right now. This is b/c so many potential borrowers could skip or miss payments, and b/c the Fed is pushing […]Read More

Jumbo Loans in Dallas, Texas

A jumbo loan is a loan that exceeds a particular county’s loan limits. For most areas in Texas, the conventional loan limits range from $100,000 to $510,400. These limits are set by the Federal Housing Finance Agency annually. Any loan amount over $510,400 would be considered a jumbo loan.Read More

Jumbo Loans in California

Jumbo loans are becoming increasingly popular for California homebuyers. This is mostly due in part to the rising costs of homes in the state. As a result, increasingly more homebuyers in California are having to use jumbo loans to finance their property purchases.Read More

HUGE NEWS: We Lowered Our Rates By 3/8%! Especially JUMBO Rates! How & Why We Did It

“BIG BANK RATES WITH JVM SERVICE” No other mortgage bank anywhere can make that claim. We are now offering $1 Million JUMBO Loans at 4.25%* at NO POINTS! (No mortgage […]Read More

“Jumbo” Market Is Now Back; Good News For Many Reasons

The Jumbo market for loans over $625,500 (over $417,000 in some cases) has been “coming back” for the last couple years. Jumbo loans were never fully able to compete to […]Read More