Jumbo Loan: Experts Available At 480-580-1400
Getting a jumbo loan is not as easy as it once was, just a few years ago there were hundreds of jumbo loan lenders. Now there are only a handful of jumbo loan lenders and guidelines are tighter than they once were - which means you need to be ready to put more money down and have better credit than you used to be required to have.
Jumbo Loans: Getting Approved
Jumbo Loan Guidelines Are Tighter Than They Used To Be
Getting Approved For A Jumbo LoanJust a few years ago, getting approved for a jumbo loan was easy. But anyone who has tried to get jumbo financing lately can tell you that things are much different now.
It doesn't mean it is impossible, just different. And the best way to improve your chances is to work with a jumbo lender who can help you get the right financing for your situation.
Depending on where you live in the country, a house that costs more than $400,000 can be a basic starter home. Which makes many people ask "why is the $417,000 the cutoff for regular mortgages and anything higher than that is considered a jumbo loan?"
The answer to that question is quite simple: Fannie Mae and Freddie Mac, two government sponsored mortgage entities set the limit each year for what the "regular" loan limits are - and anything above that number is considered a jumbo loan.
The highest loan amount for a "regular loan" is often called the conforming loan limit, and is announced by Freddie Mac and Fannie Mae each January. This year, the conforming loan limit announced by both Fannie and Freddie for single family residences is $417,000. Any loan that is above this loan amount is considered a jumbo loan.
Jumbo Loans: More Information
Find Out More About Jumbo Loans
Still looking for more information about jumbo loans or maybe finding a great jumbo lender who can help you with your jumbo mortgage? Here is a few more related items that may be of interest.
- Jumbo Loans
- Jumbo Loans dot org is a site dedicated to bringing you the latest information about the jumbo loan mortgage market as well as help you with your jumbo loan financing questions or getting a jumbo mortgage loan to finance your home.
- Arizona Jumbo Loans
- Arizona jumbo loan lender with information about jumbo mortgage loans in the Arizona market.
- Scottsdale Arizona Jumbo Loans
- Scottsdale Arizona jumbo loan lender with information about jumbo loans in the Scottsdale, Arizona market area. Jumbo mortgage rates for the Scottsdale area available.
- Chandler Arizona Jumbo Loans
- Chandler Arizona jumbo loan mortgage lender with information about jumbo mortgage loans in the Chandler, Arizona market. Jumbo mortgage rates for Chandler, Arizona available.
- Gilbert Arizona Jumbo Loans
- Gilbert Arizona jumbo loan mortgage lender with information about jumbo mortgage loans in the Gilbert, Arizona market. Jumbo mortgage rates for Gilbert, Arizona available.
- Phoenix Arizona Jumbo Loans
- Phoenix Arizona jumbo loan mortgage lender with information about jumbo mortgage loans in the Phoenix, Arizona market. Jumbo mortgage rates for Phoenix, Arizona available.
- Arizona Jumbo Mortgage Rates
- Jumbo mortgage rates for the Arizona area. Jumbo mortgage lender serving Arizona for jumbo loan products. Jumbo refinance or jumbo purchase in Arizona.
Will Jumbo Rates Go Up Or Down
Jumbo Mortgage Rates: Which Way Will They Go?
Jumbo mortgage rates have recently been lower than at any point since 2003. Do you think they will go lower from here or go higher?
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Jumbo loan financing is still available - For jumbo loan questions, contact us at 480-580-1400. We are a leading jumbo loan lender and can help you ge... more »
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