Jumbo Loans: Breakdown

Jumbo Loans A Quick Breakdown A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by regulation. The limit is $417,000 in most of the United States but is $625,500 in the highest-cost areas. There are 3,143 counties in the United States (if you count Alaska’s boroughs, Louisiana’s parishes[…]

Stated Income Loans

Under most conventional loans, as well as Federal Housing Administration and Veteran Affairs loans, the applicant’s income must be verified by obtaining proof of employment and income by accessing the applicants pay stubs and W-2 forms. However there is a riskier loan process that bypasses this all together, a Stated Income Loan. What is a[…]

Alternative Loans: Veterans Affairs

There is another way for veterans of the armed forces to seek out loans whether they be conventional or jumbo loans. These loans are guaranteed by the United States Department of Veteran Affairs, also known as the VA. This alternative source of a loan may prove useful to those who have participated in the armed[…]

Commercial Jumbo Loans

What is the Difference between a Jumbo Loan or a Conforming Loan?

One of the many questions that one might ask themselves during the process of researching a #loan is; what, if any, differences are there between a #jumbo loan and a #conforming loan? How would one effect me differently than the other?  Does it really matter as to which one choose? What is a Conforming Loan? A[…]

Real Estate Construction Loans

Real Estate Construction Loans

Real Estate Construction #Loans Many people get confused when looking for #home loans when they set out to build their dream home. In many cases it may be wise to get a short term bridge #loan to get construction started, and then turn that loan into a permeant loan once construction is complete. You will[…]