Jumbo Loans

Jumbo Mortgage Eligibility Requirements On High Priced Homes

Jumbo Mortgage Eligibility Requirements On High Priced Homes

This Article Is About Jumbo Mortgage Eligibility Requirements On High Priced Homes Jumbo mortgage eligibility requirements and guidelines are more strict than government and/or conventional loans. Any mortgage loan balance that is higher than the conforming loan limit of $548,250 is considered a jumbo mortgage. Jumbo loans are also referred to as non-conforming loans because […]

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85% LTV Jumbo Loans Versus 90% LTV Non-QM Mortgages

85% LTV Jumbo Loans Versus 90% LTV Non-QM Mortgages

Jumbo Loans are also called non-conforming loans. This is because they do not conform to Fannie Mae and Freddie Mac Mortgage Lending Guidelines. Fannie Mae and Freddie Mac cap all conventional loans to a maximum of $548,250 loan size. Any home loan greater than the $548,250 loan limit is considered a Jumbo Loan. Most jumbo lenders require a 75% loan to value for new purchases and refinance jumbo loans. Gustan Cho Associates offers non-QM jumbo loans with lower credit scores. We also offer non-QM jumbo loans with a 10% down payment.

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