Conforming Versus Non-Conforming Loans So, where are the limits in conventional home lending and why do they matter? It certainly matters if you are seeking a luxury home that exceeds the limits for conventional home loans as defined by the FHA. Or if you have a high income, and you would like to live in […]
Tag Archive | "jumbo loans"
Financing A Worldly Paradise If price were no limit what kind of house would you buy? If you look around at your local housing markets from this point of view, it’s incredible what you can purchase with sums of money that are not that far out from the typical home loan. If you have excellent […]
Jumbo mortgages are mortgage loans that are higher than the normal mortgage loan limits. It is not an arbitrary figure, but one set by Fannie Mae and Freddie Mac for residential mortgages. In most areas of the US, a jumbo mortgage starts at over $417,000. In the more expensive urban areas of San Francisco, Los […]