Good news for the so-called "jumbo" home loan customers: jumbo loans are back, but only for the well-qualified buyers who has lots of downpayment funds available, as much as 40%. And, of course, the borrower must be able to verify income and have a great credit score. This according to the Realtor Magazine.
Ready to move up to a more expensive property and wondering how you are going to finance the purchase? The answer is here for you. Talk to your favorite loan officer. If you need a recommendation for a loan officer, I can help with that!
Reminder: jumbo loans are loans over $417,000.
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