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Jumbo Loans Get Cheaper, But It Is Still Hard To Qualify

June 16, 2010

If you can qualify, there hasn’t been a time when jumbo loans were any cheaper.  Take a look at what interest rates on jumbo loans have done over the last few years according to HSH associates: According to a story that recently ran in the Wall Street Journal: “More lenders are starting to ‘get it’ [...]

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Jumbo Loan Interest Rates: Shop Around

June 14, 2010

When it comes to interest rates for jumbo loans, only one thing is certain – if you shop around, you will find a wide variety of differences in the interest rates and guidelines for each jumbo loan lender. Many of the larger banks are loaning jumbo mortgage loans to their customers and each of the [...]

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FHA Jumbo Mortgage Loans

June 9, 2010

FHA Jumbo Loans: What You Need To Know As the economy turns around, more people are feeling better about buying homes – and depending on which area of the country you live, you may run into the FHA jumbo loan program as a great option for you. The FHA jumbo loan program is popular in [...]

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Jumbo Loans: What To Expect From One Lender

May 9, 2010

There are several different larger lenders who are “portfolio-ing” jumbo loans — meaning they lend the money to jumbo loan borrowers and then service the loan themselves. One larger US Bank is offering jumbo loans up to 900,000 and here are just a few of the highlights of the jumbo loan program with this lender: [...]

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Jumbo Loans: What To Expect

April 26, 2010

The jumbo market changes from time to time – so I thought I would take the time to give you an update of what to expect when it comes to getting  jumbo loans done in today’s market.  Remember, these guidelines can change at any time, but as of right now here are some of the [...]

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Are Jumbo Loans coming or going?

March 7, 2010

Jumbo Loans are residential mortgages that are more than the conventional loan limits as set by Fannie Mae or Freddie Mac. This results in a smaller pool of investors willing or able to fund these resulting in higher costs for the buyer, hence the name Jumbo Loan. Higher Delinquencies As of early 2010 Jumbo Loans [...]

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What is a Jumbo Loan?

March 5, 2010

Jumbo Loans are larger than the Conventional Loan Limit as determined by the government backed enterprises: Fannie Mae and Freddie Mac. In 2010 the Conventional Loan Limit is set at $417,000 for residences in most of the United States apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $625,500. As [...]

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