Hancock Mortgage Partners, LLC

Contact Us: 330-400-4003

 

Recent Topics

Fannie Mae Mortgage Loans: 3 Important Changes
Strongest Pace in a Year for US Home Construction
Mortgage Demand Unchanged even as Interest Rates Fall
Serve Our Vets In Home Buying Process
FHA 203K Program

Archives

November 2017 (3)
2016 (1)
2015 (7)
2014 (11)

RSS Feed

Subscribe To Our Blog:


Jumbo Loans

Posted by:  Hancock Mortgage Partners, Inc
2015-03-17 21:35:11

Jumbo loans carry a loan amount surpassing the conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO). They typically carry more risk than those issued by Fannie Mae or Freddie Mac, which often results in higher interest rates.

ELIGIBLE PROGRAMS:
- 15 year fixed
- 30 year fixed

OCCUPANCY:
- Primary home
- Secondary home

PRIMARY RESIDENCE PURCAHSE/REFINANCE
- Loan amount > $417,000
- Maximum Loan-To-Value up to 80%
- Cash out up to 70%
- Maximum Debt-To-Income

SECONDARY RESIDENCE PURCAHSE/REFINANCE
- Maximum Loan-To-Value up to 75%
- Maximum Debt-To-Income 43%

Categories:  


Post a Comment