Jumbo Lending

10/19/2018

New tax laws in 2018 have confused many homeowners about the tax deduction on mortgage interest. The changes don't affect most borrowers with conforming loans, but jumbo borrowers need to know the details.

New tax laws in 2018 have confused many homeowners about the tax deduction on mortgage interest. The changes don't affect most borrowers with conforming loans,

10/16/2018

Although it would seem to make sense that a larger loan inherently carries more financial risk to the lender than a smaller loan and that the interest rate would be higher as a result, jumbo loan interest rates are not very different from the rates on conforming loans, and in many cases are lower.

Although it would seem to make sense that a larger loan inherently carries more financial risk to the lender than a smaller loan and that the interest rate woul

10/15/2018

Many government-backed mortgages are designed for moderate- and low-income borrowers. The U.S. Department of Agriculture loan program has strict income limits that make it virtually impossible to qualify for a jumbo loan because you won't pass the DTI test.

Many government-backed mortgages are designed for moderate- and low-income borrowers. The U.S. Department of Agriculture loan program has strict income limits t

10/12/2018

Jumbo loan approval is based on the same basic formula as any other mortgage. Eligibility depends mainly on income, cash reserves, credit score, debt, employment status, property type and property use.

Jumbo loan approval is based on the same basic formula as any other mortgage. Eligibility depends mainly on income, cash reserves, credit score, debt, employmen

10/12/2018

A jumbo mortgage sounds like the stuff of millionaires, but that's not necessarily true. While it is a larger debt than most home mortgages, a jumbo loan may be your best choice, depending on your income, the price of the home you want to buy and the menu of loan options available to you.

A jumbo mortgage sounds like the stuff of millionaires, but that's not necessarily true. While it is a larger debt than most home mortgages, a jumbo loan may be

08/02/2018