Jumbo home loans

One of the mortgage options that you can consider is jumbo home loans, Orange County. These are loans that are larger than the conforming loan limits prescribed by government-sponsored mortgage institutions Fannie Mae and Freddie Mac. In 2020, the maximum conforming limit is USD 510,400. Now, the question becomes: Am I qualified for jumbo mortgage loans, Orange County? The following are some crucial questions you need to ask yourself. Do I have a good (if not exceptional) credit score? While every lender has different requirements for jumbo loan application approval, they generally require higher credit scores for a higher loan amount, which includes jumbo loans. Most lenders want to see 700 to 720 at the minimum for jumbo home loans. […]