Mortgage Jumbo Loan

March 26, 2019

When to Consider Mortgage Jumbo Loan, Orange County, CA

If you have been doing some work for your next mortgage loan, you probably have encountered a term called “jumbo” loan. It is a type of loan that exceeds the dollar amount loan-servicing limits defined by GSE’s Freddie Mac and Fannie Mae. In other words, it is a non-conforming loan. The question you might have in might right now: should I consider mortgage jumbo loan, Orange County, CA? There are three common hurdles that borrowers must clear to be able to get jumbo-loan approval. These are: (1) larger income; (2) credit score; and (3) greater reserves. Do you think you can hurdle the specified criteria? Not sure? Consider consulting a highly qualified mortgage loan company such as the HomePlus Mortgage […]
March 27, 2019

Loan Limits and Other Considerations for Jumbo Mortgage Applications in Texas

You probably have encountered a term called “jumbo” loan in your search for home loan options. Now, you are wondering whether or not it is the best option to take for a new home purchase. In simple words, jumbo loans are a type of loan that exceed the dollar amount loan-servicing limits defined by GSE’s Freddie Mac and Fannie Mae. Meaning, it is a non-conforming loan. The amount of the property is one of the items that you should know early on to determine whether or not applying for a jumbo loan is the best course of action to take. If the anticipated value of the property in the Texas area falls outside the conforming limits, a jumbo loan is […]