Loading, Please Wait...

Think Big With A Jumbo Loan

Posted Under :  Financial < Services
Total Views :  31
  • Posted By : Maria-John
  • Posted Date : September 9, 2020
  • EmailID : semfairway@gmail.com
  • Rating :
  • Total Votes : 0

Description

Think BIG with a Jumbo Loan A jumbo loan, or non-conforming mortgage, allows you to purchase more expensive homes with a loan amount above the conforming limit set by the Federal Housing Finance Agency. In most areas of the country, the conventional conforming loan limit is $417,000; however, the limit is $625,500 in higher cost areas. Jumbo Loan Highlights If you have a low debt-to-income (DTI) ratio and a higher credit score, but you don’t have enough funds to bring the jumbo loan amount under the conforming limit, a jumbo loan might be the right option for you. Get more information about jumbo mortgages and view loan rates in your area, contact your local Fairway loan officer. Highlights of non-conforming loans include: Finance a home over the maximum loan amount established by the Federal Housing Finance Agency Higher purchase limits allow borrower to purchase more house Convenience of one loan for the entire loan amount Primary residence, second home or investment property Fixed-rate or adjustable-rate mortgages (ARM) If you are interested in a jumbo mortgage loan, please locate your loan originator.

Location : Madison , Wisconsin , 53718



Similar Ads that may interest you

X

We Are Diffrent
Is your business listed correctly on America’s largest city directory network of 1,000 portals?
Post an Ad Create an Alert