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Jumbo Mortgage Loans in Illinois, Wisconsin, Minnesota and Florida

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The Advantages of a Jumbo Loan Interest rates for jumbo loans are typically lower than conventional loans. Purchase a home with as little as 10% down. Jumbo loans are available for primary homes, second homes and investment properties, located on up to 40 acres.

Licensed Wisconsin Mortgage Banker – Licensed Minnesota Mortgage Banker – Florida Licensed Correspondent Lender. Illinois Residential Mortgage Licensee – Licensed in Illinois by the Illinois Department of Financial & Professional Regulation, Division of Banking, 122 South Michigan Avenue, Suite 1900, Chicago, IL 60603 Phone 312-793-3000.

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Jumbo Mortgage Loan is a perfect option for homes above a $417,000 price tag. It requires 25%-30% down payment and a credit score above 700. jumbo loans can be used for primary, secondary, vacation homes or investment properties.

Vermont senator and presidential hopeful Bernie Sanders unveiled a plan to eliminate all outstanding student loan debt in the United States. Student loan debt is a growing crisis, hitting an all time.

– Jumbo Loans – Restrictive, but available in Illinois Minnesota Florida Wisconsin. A lot of questions have been posed about all types of mortgages in this economy. One mortgage that seems to get more scrutiny than others is the jumbo loan.

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Today’s Best Jumbo Home Loan Rates On This Page. What is a Jumbo Mortgage? – qualification standards & how these loans compare against standard conforming mortages Conforming Mortgage Limits – loans above these limits are considered jumbo; Jumbo Mortgage Calculator – calculate your monthly loan payments; What Drives Mortgage Rates? – understanding how.

This means a home buyer can borrower up to this amount, and the loan can be underwritten to the guidelines of Fannie Mae and/or Freddie Mac. Conventional loans above the county limit are called jumbo loans. There may be additional qualifying requirements for loans falling in the jumbo.

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