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 places like California because home values are generally higher and the FHA regular loan limits haven’t caught up — so the FHA jumbo loan program was created.
FHA Jumbo Loans are available through at least December 2010 as part of the extended economic stimulus package – and they may or may not be available after that. The higher loan limits for FHA jumbo loans allow financing for homes that are in areas that are considered to be a “high cost area”.
Are you interested in learning more about the FHA jumbo loan program and seeing if it is right for you? Be sure to ask someone who has experience with the FHA jumbo loan program and can help get your questions answered. Us? We can close your FHA jumbo loan in 10 days if needed.
