Posts Tagged ‘Jumbo mortgages’

With all the different mortgage options out there, you may have heard about jumbo mortgages, which are home loans designed to finance purchases above a certain amount. These mortgages offer financing above $417,000 in most states, but can go up to $625,000 in other states. However, jumbo mortgages are also capped at a certain amount, […]

When you need to borrow over a certain dollar amount for a home purchase, you’ll have to take out a jumbo mortgage, instead of a traditional mortgage. This amount varies depending on where you plan to purchase your home.   In most parts of the United States, this amount is $417,000, but in other areas […]