Rockwall Texas is one of the nicest places to live in the state of Texas, and for that matter probably in the entire country.We are seeing a housing boom and have been seeing a housing boom for years even through the slow economy.
Many people are moving here from all over the countryAnd it’s no surpriseThatThe averageListing price of a homeThatSomeone fromThe west coastOr the east coastIs purchasingIs overThe traditionalHome loan limits Making the newest construction For these consumers Jumbo loans.
What is the jumbo loan limit in Rockwall Texas?
$417,000 is the cap for a conventional Fannie Mae or Freddie Mac in Rockwall
Jumbo Loans are not out of the norm in Rockwall especially the new construction in developments like:
- Kings Bridge
- Buffalo Creek
- The Shores
- Stone Bridge
- Stone Creek
- The Yacht and Country club
- Ridge Point
- Harbor Heights
- Chamberlin Crossing
- Sonoma Verde
- The Preserves
- Breezy Hill
- Kensington Park
- Lariat Estates
- Chisholm Crossing
How do I qualify for a Jumbo Loans for new construction in Rockwall Texas?
It is best to get a pre-qual letter from your lender before you start looking at homes so you know what you can afford, and if you find that perfect home it will help you in the offer process. It is not unusual for a home to be only on the marked for hours before offers start coming into the real estate office for the listing. Many real-estate agents are having their best years ever thanks to the explosion nd growth in the Lake Ray Hubbard Community!
You will need typically:
- Bank Statements
- Tax Records for the last 2 years
- List of outstanding debts
- List of assets and what ever else the lender my require for your jumbo hard money loan or non-conventional loan.
Who do I call if I have questions about Jumbo Loans for new construction in Rockwall Texas?
We suggest the mortgage professions below: