Tag: <span>Jumbo Loans</span>

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JUMBO LOAN THRESHOLD INCREASED

Since the 2020 maximum loan limit increase, in most areas throughout the U.S., jumbo loans are loans over $510,400. We offer many jumbo products, including primary residences, second homes, and investment properties, we can offer 5% down jumbo on primary residences. We also have an interest-only jumbo product available. The jumbo rates we are seeing...

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NEW CONFORMING LOAN LIMIT: WHAT DOES IT MEAN FOR YOU?

The Federal Housing Finance Agency increased the 2018 conforming loan limit to $453,100 and is projected to rise to $484,350 during 2019. What does this mean for you? Conventional loans in the amount of $484,350 and less are typically underwritten in accordance with Fannie Mae or Freddie Mac guidelines. Loans in excess of this amount...