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:
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
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
When the COVID-19 crisis began spreading across the United States, prompting government officials to order the temporary shutdown of numerous offices and businesses, the real estate and lending industry was hit hard. Many products were
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
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.
There are a lot of questions, misconceptions, and myths in the mortgage industry. Especially when it comes to jumbo loans. For a variety of reasons, these loans are often misunderstood. People think they are hard
Jumbo loans have a higher level of risk than many other loan products. To compensate for this risk, many lenders require a larger downpayment, as high as 20% or more, which, on a jumbo loan,
Owning your own personal vacation home is a wonderful way to give yourself an exclusive sanctuary. No reservations required; you can simply drive (or fly) to your property and enjoy a nice weekend getaway. Or,
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
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
Chad Baker
Originating Branch Manager
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