For San Diego homebuyers, 100% jumbo financing creates a renewed chance to purchase a world-class home in our first-rate city!
100% Jumbo Financing: What it Means for San Diego Homebuyers
Most loans across the country, even if they are not…
Anyone living in the United States, earning an income, and paying U.S. taxes, but not eligible for a Social Security number, should know about jumbo ITIN loans. This is a special mortgage program that allows individuals and families to purchase a home…
One of the biggest myths in the mortgage industry is the belief that you need a nearly-perfect credit score to use a jumbo loan. But as we’ll show, minimum-credit-score jumbo loans are available.
The Myth: You Need a High Credit Score…
There are dozens of choices for loans, and while many people will qualify for more than enough financing, each home loan product has limits. In most cases, these limits are put in place by government authorities. Even jumbo loans, which are by…
When the coronavirus started making its way across the United States, many industries had to change they way they do business. In the real estate industry, the massive financial uncertainty created by the national lockdown caused many lenders to slash their mortgage…
Thinking of purchasing a home during the coronavirus crisis? There are certainly advantages, but this article outlines some of the downsides you will want to consider.
Earlier this month, we wrote an article about the advantages of buying a home during the COVID-19…
Jumbo loans are an important resource for many homebuyers across the country. While conventional, FHA, VA, and other government-supported loans have limits on their total amounts, jumbo loans can provide millions of dollars in financing.
For high-income, high-net-worth borrowers, jumbo…
In an industry full of misconceptions, misinformation, and misinterpretations, jumbo loans might be the most misunderstood mortgage of all. These loans, which are by definition larger than the limits set by conventional loans, can vary widely from lender to lender, leading to…
A lender will consider many different factors when approving your mortgage application. They will look at items like your credit score, down payment, and income to determine whether you should be issued a loan.
Another factor they will consider is…
Most homebuyers will simply need a basic, straightforward, typical loan. Conventional loans and FHA loans, for example, perfectly fit most borrowers, allowing them to purchase the home they need at a price they can afford.
But some borrowers are different.…
Sometimes it takes a unique loan officer with multiple options and a wide range of experience to get a borrower approved for a mortgage.
People who work in the cannabis industry, for example, often experience difficulty when applying for a…