Category: Jumbo Loans

  • What You Need For A Jumbo Loan Application

    What You Need For A Jumbo Loan Application

    As compared to the traditional mortgage programs, jumbo mortgage lending requires more information for application and is typically reserved for applicants with good credit, steady income, and a good amount of cash reserves. If you are applying for a jumbo home loan in Florida, the following information will likely be needed: – Credit Score – […]

  • Benefits of A Jumbo Loan

    Benefits of A Jumbo Loan

    If you are an investor or a home buyer you can benefit greatly from a jumbo mortgage loan. The main benefit of a jumbo loan is that you can borrow a large amount of money, more than $647,200, to purchase your luxury home, vacation home, or investment property. With a jumbo home loan, mortgage experts […]

  • Jumbo Loan Requirements

    Since the loan amounts are higher than the usual home loan, jumbo loan borrowers can expect stricter application requirements. It is important to note that jumbo loans will most likely require a higher down payment and higher closing costs than a conventional loan, but interest rates are competitive with other conventional loans. There are few […]

  • What is a Jumbo Mortgage Loan?

    What is a Jumbo Mortgage Loan?

    If you are dreaming about buying a luxury home in Florida you will need to apply for a jumbo loan to make your dream come true. Jumbo loans are designed for buying expensive, higher-end luxury homes that exceed the loan limits of a conventional loan. The conforming loan limit is set each year by the […]