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Is it possible to get a jumbo loan nowadays >$729,750?

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April 08 2009 - Jacksonville
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Answers (9)

Profile picture for Liberty Mortgage
Yes-  It depends on the down payment and or equity.  There are lenders out there that will lend.  The difference in today's market is that you will need at least 20% down if not more.
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July 01 2009
Yes, you can still get a JUMBO loan. Most lenders require 20% or more down and a 720 or above FICO, full doc, meaning you have to show your income/assets. You can put your loan scenario in at Zillow and find a great lender to help in your area.
Good Luck
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June 30 2009
Profile picture for VanKeef
Jumbo loans are available. Your down payment will need to be 20% or more. 25% down gives you the better interest rate and programs.
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June 30 2009
Profile picture for Colorado Lender
Did you have to pass a test to be certified as an expert?
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April 09 2009
Profile picture for Yvonne Cummings
Yes Yes and YES!!!!!!!!!

Jumbo loans are available and ....... I will stop now incase someone removes this for being  self promoting....


but YES YJC168.......Jumbo loans are available...... I happen to be an expert at them.  smile.
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April 09 2009
Profile picture for Jax Realtor
Robert Crecelius, Jax Real Estate Buyers Agent, just found a great rate through Compass for Professionals.  His thread is here. 

Hope this qualifies as "good, pertinent advice" for the good of the public.
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April 09 2009
Profile picture for Greg Darlin
yjc168,
Yes, you can.  Most of the rates are not so good as compared to Conventional or High Balance Conventional.  But, there are a few niche lenders that have some good programs.

Brad Officer,
How about keeping to the borrower's question and not trying to advertise "Your" broker?  That really isn't allowed on ZMM.  What is allowed is to give good, pertinent advice to borrowers and not to advertise yourself or others.
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April 09 2009
Profile picture for Jax Realtor
I've got a great mortgage broker if you need one.  The latest news on Jumbo Loans has not been the best.   There was a good report yesterday on Fox News I believe about most banks cutting down to 50% down on Jumbos.....again, talk with a mortgage broker.

[content removed for being self promotional]
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April 09 2009
Profile picture for Nationwide Lends
Hope this helps.  Read the FHFA press release. 

FannieMae: Loan Limits


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April 08 2009
 

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Profile picture for Liberty Mortgage
QuestionIs it possible to get a jumbo loan nowadays >$729,750?
  • Latest answer by Liberty Mortgage
  • July 01 2009
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